Al-Modawat Specialized Medical Co (SAU:9594) ROCE % : 0.00% (As of Jun. 2024)

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What is Al-Modawat Specialized 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-Modawat Specialized Medical Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Al-Modawat Specialized Medical Co ROCE % Historical Data

The historical data trend for Al-Modawat Specialized 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.

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Al-Modawat Specialized Medical Co ROCE % Chart

Al-Modawat Specialized Medical Co Annual Data

Trend

Dec22

Dec23

ROCE %

27.73

45.47

Al-Modawat Specialized Medical Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-	-	-

Al-Modawat Specialized Medical Co ROCE % Calculation

Al-Modawat Specialized 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 )
	=	20.768	/	( ( (62.631 - 20.979)	+	(79.021 - 29.324) )	/ 2 )
	=	20.768	/	( (41.652	+	49.697)	/ 2 )
	=	20.768	/	45.6745
	=	45.47 %

Al-Modawat Specialized 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	/	( ( (79.021 - 29.324)	+	(116.443 - 24.541) )	/ 2 )
	=	0	/	( ( 49.697	+	91.902 )	/ 2 )
	=	0	/	70.7995
	=	0.00 %

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

Al-Modawat Specialized Medical Co (SAU:9594) 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-Modawat Specialized Medical Co ROCE % Related Terms

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Al-Modawat Specialized Medical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Al-Modawat Specialized Medical Co (SAU:9594) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kingdom of Saudi Arabia, P.O. Box 176, Muhayil, SAU

Website

https://www.almodawat.sa

Al-Modawat Specialized Medical Co is a company engaged in Pharmacy activities, drug warehouse activities, other activities for selling pharmaceutical, medical and cosmetic products and retail toiletries in specialized stores, public hospitals.

Al-Modawat Specialized Medical Co Headlines

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