United Arab Float Glass Co (SAU:9611) ROCE % : 4.71% (As of Jun. 2024)

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What is United Arab Float Glass 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. United Arab Float Glass Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.71%.

United Arab Float Glass Co ROCE % Historical Data

The historical data trend for United Arab Float Glass 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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United Arab Float Glass Co ROCE % Chart

United Arab Float Glass Co Annual Data

Trend

ROCE %

United Arab Float Glass Co Semi-Annual Data
	Jun23	Jun24
ROCE %	-	4.71

United Arab Float Glass Co ROCE % Calculation

United Arab Float Glass Co's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

United Arab Float Glass 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: Jun. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Jun. 2023 )		(Q: Jun. 2024 )
	=	23.16	/	( ( (0 - 0)	+	(613.245 - 121.477) )	/ 1 )
	=	23.16	/	( ( 0	+	491.768 )	/ 1 )
	=	23.16	/	491.768
	=	4.71 %

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

United Arab Float Glass Co (SAU:9611) 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.

United Arab Float Glass Co ROCE % Related Terms

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United Arab Float Glass Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » United Arab Float Glass Co (SAU:9611) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Thumama Road, 13316 P.O. Box, All Rabie District, Riyadh, SAU, 26994

Website

https://www.aufgc.com

United Arab Float Glass Co is engaged in the float glass market that designs, thicknesses, and dimensions glasses. Its products are Clear float glass, Pattern glass, Silver, and Decorative mirrors. The company's activity is represented in the wholesale and retail trade of the company's products and building materials, including importing and exporting them abroad, owning lands and real estate, constructing buildings on them, practicing manufacturing industries related to the glass industry, and manufacturing and mining all glass industry requirements from raw materials and others.

United Arab Float Glass Co Headlines

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