Nofoth Food Products Co (SAU:9556) ROCE % : 43.93% (As of Jun. 2024)

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What is Nofoth Food Products Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Nofoth Food Products Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 43.93%.

Nofoth Food Products Co ROCE % Historical Data

The historical data trend for Nofoth Food Products Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nofoth Food Products Co ROCE % Chart

Nofoth Food Products Co Annual Data

Trend

Dec22

Dec23

ROCE %

35.92

41.66

Nofoth Food Products Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	-	36.85	46.06	38.20	43.93

Nofoth Food Products Co ROCE % Calculation

Nofoth Food Products Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	45.613	/	( ( (123.398 - 30.599)	+	(162.867 - 36.691) )	/ 2 )
	=	45.613	/	( (92.799	+	126.176)	/ 2 )
	=	45.613	/	109.4875
	=	41.66 %

Nofoth Food Products Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	58.356	/	( ( (162.867 - 36.691)	+	(195.815 - 56.285) )	/ 2 )
	=	58.356	/	( ( 126.176	+	139.53 )	/ 2 )
	=	58.356	/	132.853
	=	43.93 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Nofoth Food Products Co (SAU:9556) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Nofoth Food Products Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Nofoth Food Products Co (SAU:9556) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abu Bakr Al-Siddiq Road, Al-Nuzha, P.O. Box 30, Riyadh, SAU, 12471

Website

https://www.nofoth.com

Nofoth Food Products Co manufactures bread and its products through automated bakeries. It manufactures pies of all kinds and popular and oriental sweets of all kinds. The firm also retails bakery products and sugary sweets, nuts, coffee, and spices, dry food stores, restaurants with service, and activities caterers who provide food services.

Nofoth Food Products Co Headlines

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