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Clean Life Co (SAU:9581) ROCE % : 31.32% (As of Dec. 2024)


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What is Clean Life 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. Clean Life Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 31.32%.


Clean Life Co ROCE % Historical Data

The historical data trend for Clean Life 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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Clean Life Co ROCE % Chart

Clean Life Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24
ROCE %
- 62.45 43.76 42.03

Clean Life Co Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24
ROCE % - 51.90 36.02 56.83 31.32

Clean Life Co ROCE % Calculation

Clean Life Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=11.797/( ( (28.068 - 5.52) + (38.877 - 5.288) )/ 2 )
=11.797/( (22.548+33.589)/ 2 )
=11.797/28.0685
=42.03 %

Clean Life Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2024 )  (Q: Jun. 2024 )(Q: Dec. 2024 )
=9.498/( ( (32.218 - 5.156) + (38.877 - 5.288) )/ 2 )
=9.498/( ( 27.062 + 33.589 )/ 2 )
=9.498/30.3255
=31.32 %

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

* 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.


Clean Life Co  (SAU:9581) 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.


Clean Life Co ROCE % Related Terms

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Clean Life Co Business Description

Traded in Other Exchanges
N/A
Address
PO.Box 4655, Al Rawabi District, Riyadh, SAU, 14214
Clean Life Co is a company specialized in providing general building cleaning activities, specialized building cleaning including chimneys, windows, etc., swimming pool cleaning and maintenance, and disinfection and fumigation activities to exterminate insects and rodents. The group's operations consist of one operational sector, which is general cleaning activities for buildings of all types.

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