Atlas Elevators General Trading and Contracting Co (SAU:9578) ROCE % : 15.50% (As of Jun. 2024)

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What is Atlas Elevators General Trading and Contracting 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. Atlas Elevators General Trading and Contracting Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 15.50%.

Atlas Elevators General Trading and Contracting Co ROCE % Historical Data

The historical data trend for Atlas Elevators General Trading and Contracting 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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Atlas Elevators General Trading and Contracting Co ROCE % Chart

Atlas Elevators General Trading and Contracting Co Annual Data

Trend

Dec22

Dec23

ROCE %

15.41

13.52

Atlas Elevators General Trading and Contracting Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
ROCE %	-	25.81	4.81	15.50

Atlas Elevators General Trading and Contracting Co ROCE % Calculation

Atlas Elevators General Trading and Contracting 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 )
	=	11.48	/	( ( (88.08 - 17.664)	+	(116.093 - 16.625) )	/ 2 )
	=	11.48	/	( (70.416	+	99.468)	/ 2 )
	=	11.48	/	84.942
	=	13.52 %

Atlas Elevators General Trading and Contracting 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 )
	=	15.704	/	( ( (116.093 - 16.625)	+	(118.039 - 14.821) )	/ 2 )
	=	15.704	/	( ( 99.468	+	103.218 )	/ 2 )
	=	15.704	/	101.343
	=	15.50 %

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

Atlas Elevators General Trading and Contracting Co (SAU:9578) 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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Atlas Elevators General Trading and Contracting Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Atlas Elevators General Trading and Contracting Co (SAU:9578) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Area 223 Block1, Building 96, Beside fire station, Kuwait, SAU

Website

https://www.atlaslifts-sa.net

Atlas Elevators General Trading and Contracting Co is a company specializing in the supply, sale, installation and maintenance of the highest-quality elevators, hydraulic lifts and escalators, all conforming to European standards. It has has four Kuwaiti branches in Hawalli, Ardiya, Al Rai and Al Jahra also operate's in Saudi Arabia, Qatar, Bahrain and Oman.

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