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Allied Cooperative Insurance Group (SAU:8150) ROIC % : 0.00% (As of Sep. 2024)


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What is Allied Cooperative Insurance Group ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Allied Cooperative Insurance Group's annualized return on invested capital (ROIC %) for the quarter that ended in Sep. 2024 was 0.00%.

As of today (2025-03-03), Allied Cooperative Insurance Group's WACC % is 17.93%. Allied Cooperative Insurance Group's ROIC % is 0.00% (calculated using TTM income statement data). Allied Cooperative Insurance Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Allied Cooperative Insurance Group ROIC % Historical Data

The historical data trend for Allied Cooperative Insurance Group's ROIC % 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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Allied Cooperative Insurance Group ROIC % Chart

Allied Cooperative Insurance Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROIC %
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Allied Cooperative Insurance Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Competitive Comparison of Allied Cooperative Insurance Group's ROIC %

For the Insurance - Diversified subindustry, Allied Cooperative Insurance Group's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Allied Cooperative Insurance Group's ROIC % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Allied Cooperative Insurance Group's ROIC % distribution charts can be found below:

* The bar in red indicates where Allied Cooperative Insurance Group's ROIC % falls into.



Allied Cooperative Insurance Group ROIC % Calculation

Allied Cooperative Insurance Group's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2023 is calculated as:

ROIC % (A: Dec. 2023 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2022 ) + Invested Capital (A: Dec. 2023 ))/ count )
=0 * ( 1 - 12.19% )/( (305.6633 + 832.17755)/ 2 )
=0/568.920425
=0.00 %

where

Invested Capital(A: Dec. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=762.789 - 2.342 - ( 484.331 - 5% * 590.946 )
=305.6633

Invested Capital(A: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=929.554 - 1.778 - ( 141.633 - 5% * 920.691 )
=832.17755

Allied Cooperative Insurance Group's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Sep. 2024 is calculated as:

ROIC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=0 * ( 1 - 4166.67% )/( (888.0094 + 869.41395)/ 2 )
=-0/878.711675
=0.00 %

where

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=977.087 - 3.12 - ( 96.196 - 5% * 204.768 )
=888.0094

Invested Capital(Q: Sep. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=996.97 - 4.979 - ( 134.608 - 5% * 240.619 )
=869.41395

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


Allied Cooperative Insurance Group  (SAU:8150) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Allied Cooperative Insurance Group's WACC % is 17.93%. Allied Cooperative Insurance Group's ROIC % is 0.00% (calculated using TTM income statement data).


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Allied Cooperative Insurance Group ROIC % Related Terms

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Allied Cooperative Insurance Group Business Description

Traded in Other Exchanges
N/A
Address
RRHA 7143 Prince Turki bin Abdulaziz I Road, 7143 Hittin District 2290, Riyadh, SAU, 13512
Allied Cooperative Insurance Group is a Saudi Arabia based insurance company. The activities of the Company are to transact cooperative insurance operations and related activities in the Kingdom of Saudi Arabia. The operating segment of the company are Medical Insurance, Motor Insurance and General Accident Insurance segments. Medical segment provides compensation to policy holders for expenses incurred in treatment of a disease, illness or injury. Motor provides coverage against losses and liability related to motor vehicles. Other includes property, marine, aviation, accident and liability categories. It earns a vast majority of revenues from the motor insurance segment.

Allied Cooperative Insurance Group Headlines

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