National Agriculture Development Co (SAU:6010) ROCE % : 13.02% (As of Mar. 2024)

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What is National Agriculture Development 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. National Agriculture Development Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.02%.

National Agriculture Development Co ROCE % Historical Data

The historical data trend for National Agriculture Development 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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National Agriculture Development Co ROCE % Chart

National Agriculture Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.58

2.98

-8.57

5.78

11.45

National Agriculture Development 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															9.69	14.59	17.12	14.96	13.02

National Agriculture Development Co ROCE % Calculation

National Agriculture Development 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 )
	=	358.537	/	( ( (3823.143 - 1438.496)	+	(5109.76 - 1232.434) )	/ 2 )
	=	358.537	/	( (2384.647	+	3877.326)	/ 2 )
	=	358.537	/	3130.9865
	=	11.45 %

National Agriculture Development 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 )
	=	509.924	/	( ( (5109.76 - 1232.434)	+	(5482.957 - 1524.598) )	/ 2 )
	=	509.924	/	( ( 3877.326	+	3958.359 )	/ 2 )
	=	509.924	/	3917.8425
	=	13.02 %

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

National Agriculture Development Co (SAU:6010) 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.

National Agriculture Development Co ROCE % Related Terms

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National Agriculture Development Co (SAU:6010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » National Agriculture Development Co (SAU:6010) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

P.O. Box 2557, Riyadh, SAU, 11461

Website

https://www.nadec.com

National Agriculture Development Co is engaged in agricultural and livestock production, reclamation of agricultural land, food processing, marketing and distribution of its products. The company operates in two main sectors, namely Manufacturing of Dairy and Foods and the Production of Agricultural Products. It generates maximum revenue from the Dairy and Food segment. Its products include dairy, milk, cheese, juices, desserts, and other related food. Geographically, it derives the vast majority of its revenue from Saudi Arabia.

National Agriculture Development Co (SAU:6010) Headlines

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