Al Razi Medical Co (SAU:9572) ROCE % : 1.47% (As of Jun. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Al Razi Medical 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. Al Razi Medical Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 1.47%.

Al Razi Medical Co ROCE % Historical Data

The historical data trend for Al Razi Medical 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.

* Premium members only.

Al Razi Medical Co ROCE % Chart

Al Razi Medical Co Annual Data

Trend

Dec22

Dec23

ROCE %

9.06

5.10

Al Razi Medical Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	-	13.00	6.47	3.68	1.47

Al Razi Medical Co ROCE % Calculation

Al Razi Medical 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 )
	=	1.561	/	( ( (42.836 - 12.755)	+	(45.418 - 14.292) )	/ 2 )
	=	1.561	/	( (30.081	+	31.126)	/ 2 )
	=	1.561	/	30.6035
	=	5.10 %

Al Razi Medical 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 )
	=	0.456	/	( ( (45.418 - 14.292)	+	(45.613 - 14.547) )	/ 2 )
	=	0.456	/	( ( 31.126	+	31.066 )	/ 2 )
	=	0.456	/	31.096
	=	1.47 %

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

Al Razi Medical Co (SAU:9572) 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.

Al Razi Medical Co ROCE % Related Terms

Thank you for viewing the detailed overview of Al Razi Medical Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Al Razi Medical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Al Razi Medical Co (SAU:9572) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Abdulaziz Road, Al-Khaleej District, Al-Bada'ea, Al-Qassim, Riyadh, SAU

Website

https://www.razi.sa

Al Razi Medical Co operates in the medical field in the Kingdom of Saudi Arabia. The company provides all pharmaceutical and cosmetic products. It engages in buying and selling pharmaceuticals, medical supplies, herbal and cosmetic products, and all related products on a wholesale and retail basis.

Al Razi Medical Co Headlines

No Headlines