Armah Sports Co (SAU:9590) ROCE % : 5.85% (As of Jun. 2024)

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What is Armah Sports 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. Armah Sports Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 5.85%.

Armah Sports Co ROCE % Historical Data

The historical data trend for Armah Sports 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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Armah Sports Co ROCE % Chart

Armah Sports Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-5.11

2.04

Armah Sports Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-0.95	4.28	5.85

Armah Sports Co ROCE % Calculation

Armah Sports 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 )
	=	12.095	/	( ( (580.029 - 71.814)	+	(835.197 - 156.798) )	/ 2 )
	=	12.095	/	( (508.215	+	678.399)	/ 2 )
	=	12.095	/	593.307
	=	2.04 %

Armah Sports 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 )
	=	40.138	/	( ( (835.197 - 156.798)	+	(829.035 - 134.247) )	/ 2 )
	=	40.138	/	( ( 678.399	+	694.788 )	/ 2 )
	=	40.138	/	686.5935
	=	5.85 %

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

Armah Sports Co (SAU:9590) 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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Armah Sports Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Armah Sports Co (SAU:9590) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Takhassusi Street, P.O. Box 3894, Al-Nakheel District, Riyadh, SAU, 12382

Website

https://www.armahsports.com

Armah Sports Co is a company whose primary activities include operating facilities, sport centers, retail sales of sports apparel, and providing food services in sport facilities, salons, and other sports activities. The company operates into two geographical segments: Central region and Western region. It derives maximum revenue from Western Region.

Armah Sports Co Headlines

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