Quara Finance Co (SAU:9596) ROCE % : 11.17% (As of Dec. 2024)

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What is Quara Finance 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. Quara Finance Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 11.17%.

Quara Finance Co ROCE % Historical Data

The historical data trend for Quara Finance 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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Quara Finance Co ROCE % Chart

Quara Finance Co Annual Data

Trend

Dec23

Dec24

ROCE %

10.35

7.92

Quara Finance Co Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial			5.80	9.16	8.03	4.81	11.17

Quara Finance Co ROCE % Calculation

Quara Finance 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 )
	=	52.931	/	( ( (765.085 - 152.458)	+	(877.264 - 153.137) )	/ 2 )
	=	52.931	/	( (612.627	+	724.127)	/ 2 )
	=	52.931	/	668.377
	=	7.92 %

Quara Finance 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: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	75.352	/	( ( (757.041 - 131.996)	+	(877.264 - 153.137) )	/ 2 )
	=	75.352	/	( ( 625.045	+	724.127 )	/ 2 )
	=	75.352	/	674.586
	=	11.17 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Quara Finance Co (SAU:9596) 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.

Quara Finance Co ROCE % Related Terms

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Quara Finance Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Quara Finance Co (SAU:9596) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8246, King Abdulaziz Road, Unit Number 15, Al – Wizarat District, Riyadh, SAU, 12622-3797

Website

https://www.quarafinance.com

Quara Finance Co is a company engaged in providing finance lease, consumer finance, and small and medium enterprise finance in the Kingdom of Saudi Arabia. The company's operations are in the Kingdom of Saudi Arabia and it provides financing to Saudi and resident individuals from government and private sectors and to SMEs. Its reportable segments are; Retail (Personal financing) segment which includes personal financing provided to retail clients; and the SME financing segment includes financing provided to small and medium enterprises. It generates a majority of its income from the Retail segment.

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