Waja Co (SAU:9560) ROCE % : 45.90% (As of Dec. 2023)

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What is Waja 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. Waja Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 45.90%.

Waja Co ROCE % Historical Data

The historical data trend for Waja 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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Waja Co ROCE % Chart

Waja Co Annual Data

Trend

Dec22

Dec23

ROCE %

27.73

31.78

Waja Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
ROCE %	-	30.52	18.01	45.90

Waja Co ROCE % Calculation

Waja 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 )
	=	27.059	/	( ( (97.281 - 23.632)	+	(132.615 - 35.996) )	/ 2 )
	=	27.059	/	( (73.649	+	96.619)	/ 2 )
	=	27.059	/	85.134
	=	31.78 %

Waja Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	40.356	/	( ( (111.92 - 32.708)	+	(132.615 - 35.996) )	/ 2 )
	=	40.356	/	( ( 79.212	+	96.619 )	/ 2 )
	=	40.356	/	87.9155
	=	45.90 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Waja Co (SAU:9560) 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.

Waja Co ROCE % Related Terms

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Waja Co (SAU:9560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Waja Co (SAU:9560) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahd Branch Road, North, P.O. Box 2370, Al-Anoud Tower 2, South Tower, 17th Floor, Al Olaya District, Riyadh, SAU, 12214

Website

https://www.waja.com.sa

Waja Co is a multi-sector company, with main affiliated activities in each Construction, Media & Communication, and Information Technology. It is mainly engaged in two segments which include the Contracting business sector and Operation and maintenance sector. The majority of the revenue derives from the Contracting business sector.

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