Al Mawarid Manpower Co (SAU:1833) ROCE % : 26.88% (As of Mar. 2024)

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What is Al Mawarid Manpower 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 Mawarid Manpower Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 26.88%.

Al Mawarid Manpower Co ROCE % Historical Data

The historical data trend for Al Mawarid Manpower 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 Mawarid Manpower Co ROCE % Chart

Al Mawarid Manpower Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

25.26

28.47

26.34

Al Mawarid Manpower Co Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						28.90	25.57	26.38	28.87	26.88

Al Mawarid Manpower Co ROCE % Calculation

Al Mawarid Manpower 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 )
	=	101.081	/	( ( (504.099 - 174.094)	+	(641.517 - 203.879) )	/ 2 )
	=	101.081	/	( (330.005	+	437.638)	/ 2 )
	=	101.081	/	383.8215
	=	26.34 %

Al Mawarid Manpower Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	119.668	/	( ( (641.517 - 203.879)	+	(711.866 - 259.079) )	/ 2 )
	=	119.668	/	( ( 437.638	+	452.787 )	/ 2 )
	=	119.668	/	445.2125
	=	26.88 %

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

Al Mawarid Manpower Co (SAU:1833) 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 Mawarid Manpower Co ROCE % Related Terms

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Al Mawarid Manpower Co (SAU:1833) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Al Mawarid Manpower Co (SAU:1833) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ibn Warqaa Street, P.O. Box 10370, Ar-Rawdah District, Riyadh, SAU, 13211

Website

https://www.mawarid.com.sa

Al Mawarid Manpower Co is a Saudi closed joint stock company. It is engaged in labor recruitment activities and the provision of manpower services in the Kingdom to corporate clients (in the public and private sectors) and individuals. The company operates in three reportable segments: Corporate Segment; Individual Segment - Contractual; and Individual Segment - Hourly Rental out of which Corporate Segment represents the majority revenue generated from corporate clients, mainly in connection with the following client industries: maintenance companies, restaurants, construction and contracting, transportation and hospitals.

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