Najran Cement Co (SAU:3002) ROCE % : 4.75% (As of Dec. 2023)

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What is Najran Cement 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. Najran Cement Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.75%.

Najran Cement Co ROCE % Historical Data

The historical data trend for Najran Cement 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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Najran Cement Co ROCE % Chart

Najran Cement Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.81

9.34

7.49

5.85

4.39

Najran Cement Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.58	6.26	2.58	3.80	4.75

Najran Cement Co ROCE % Calculation

Najran Cement 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 )
	=	100.506	/	( ( (2405.59 - 150.512)	+	(2505.729 - 181.48) )	/ 2 )
	=	100.506	/	( (2255.078	+	2324.249)	/ 2 )
	=	100.506	/	2289.6635
	=	4.39 %

Najran Cement Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	110.308	/	( ( (2491.867 - 166.927)	+	(2505.729 - 181.48) )	/ 2 )
	=	110.308	/	( ( 2324.94	+	2324.249 )	/ 2 )
	=	110.308	/	2324.5945
	=	4.75 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Najran Cement Co (SAU:3002) 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.

Najran Cement Co ROCE % Related Terms

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Najran Cement Co (SAU:3002) Business Description

Industry

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Address

9204 King Saud Road, Najran, SAU, 66256-3579

Website

http://www.najrancement.com

Najran Cement Co is engaged in the business of manufacturing ordinary Portland cement and cement resistant to salts. Its products include Type I-Ordinary Portland Cement and Type V-Sulphate Resistant Cement. The company is engaged in one operating segment, i.e., manufacturing cement and operates in the Kingdom of Saudi Arabia and certain foreign jurisdictions.

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