Arabian Internet and Communications Services Co (SAU:7202) ROCE % : 32.94% (As of Mar. 2024)

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What is Arabian Internet and Communications 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. Arabian Internet and Communications Services Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 32.94%.

Arabian Internet and Communications Services Co ROCE % Historical Data

The historical data trend for Arabian Internet and Communications 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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Arabian Internet and Communications Services Co ROCE % Chart

Arabian Internet and Communications Services Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

33.37

37.67

38.58

37.30

Arabian Internet and Communications Services Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									39.20	44.20	46.15	22.77	32.94

Arabian Internet and Communications Services Co ROCE % Calculation

Arabian Internet and Communications 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 )
	=	1480.802	/	( ( (10325.084 - 6706.846)	+	(11516.244 - 7195.438) )	/ 2 )
	=	1480.802	/	( (3618.238	+	4320.806)	/ 2 )
	=	1480.802	/	3969.522
	=	37.30 %

Arabian Internet and Communications 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 )
	=	1469.516	/	( ( (11516.244 - 7195.438)	+	(11101.431 - 6498.56) )	/ 2 )
	=	1469.516	/	( ( 4320.806	+	4602.871 )	/ 2 )
	=	1469.516	/	4461.8385
	=	32.94 %

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

Arabian Internet and Communications Services Co (SAU:7202) 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.

Arabian Internet and Communications Services Co ROCE % Related Terms

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Arabian Internet and Communications Services Co (SAU:7202) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Arabian Internet and Communications Services Co (SAU:7202) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Olaya Street, P.O. Box 50, Riyadh, SAU, 11372

Website

https://www.solutions.com.sa

Arabian Internet and Communications Services Co is an information and communication company. The company has three segments namely Core ICT Services, IT Managed and Operational Services and Digital Services. It derives majority of the revenue from Core ICT Services.

Arabian Internet and Communications Services Co (SAU:7202) Headlines

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