Saudi Automotive Services Co. (SAU:4050) ROCE % : 4.96% (As of Mar. 2024)

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What is Saudi Automotive Services 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. Saudi Automotive Services Co.'s annualized ROCE % for the quarter that ended in Mar. 2024 was 4.96%.

Saudi Automotive Services Co. ROCE % Historical Data

The historical data trend for Saudi Automotive Services 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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Saudi Automotive Services Co. ROCE % Chart

Saudi Automotive Services Co. Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.50

4.12

4.47

5.75

6.40

Saudi Automotive Services Co. Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.49	4.87	4.83	10.64	4.96

Saudi Automotive Services Co. ROCE % Calculation

Saudi Automotive Services 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 )
	=	295.336	/	( ( (6092.457 - 1398.756)	+	(5964.21 - 1426.268) )	/ 2 )
	=	295.336	/	( (4693.701	+	4537.942)	/ 2 )
	=	295.336	/	4615.8215
	=	6.40 %

Saudi Automotive Services 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 )
	=	225.892	/	( ( (5964.21 - 1426.268)	+	(6038.58 - 1476.204) )	/ 2 )
	=	225.892	/	( ( 4537.942	+	4562.376 )	/ 2 )
	=	225.892	/	4550.159
	=	4.96 %

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

Saudi Automotive Services Co. (SAU:4050) 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.

Saudi Automotive Services Co. ROCE % Related Terms

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Saudi Automotive Services Co. (SAU:4050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Saudi Automotive Services Co. (SAU:4050) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Makkah Al Mukarramah Road (Khurais), Building No. 4870, King Abdulaziz district, Riyadh, SAU, 12411

Website

https://www.sasco.com.sa

Saudi Automotive Services Co. is a company engaged in providing services to vehicles and travelers by establishing central workshops to provide the highest level of maintenance and repair and establishing a network of vehicle service stations, as well as providing rest houses and restaurants, importing and selling foodstuffs, drinks, beverages and raw materials required therefor, importing vehicles and spare parts of all kinds for the Group's business and trading in them after obtaining the necessary licenses, carrying out all types of contracting for establishment, management, maintenance and operation of residential and commercial buildings. The company operates in following segments: Retail and operation, Saudi Club, Transportation Fleet and others.

Saudi Automotive Services Co. (SAU:4050) Headlines

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