Ghida Alsultan for Fast Food Co (SAU:9567) ROCE % : 7.44% (As of Dec. 2023)

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What is Ghida Alsultan for Fast Food 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. Ghida Alsultan for Fast Food Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.44%.

Ghida Alsultan for Fast Food Co ROCE % Historical Data

The historical data trend for Ghida Alsultan for Fast Food 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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Ghida Alsultan for Fast Food Co ROCE % Chart

Ghida Alsultan for Fast Food Co Annual Data

Trend

Dec22

Dec23

ROCE %

31.14

13.58

Ghida Alsultan for Fast Food Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
ROCE %	-	38.96	20.08	7.44

Ghida Alsultan for Fast Food Co ROCE % Calculation

Ghida Alsultan for Fast Food 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 )
	=	9.619	/	( ( (96.64 - 29.294)	+	(103.078 - 28.782) )	/ 2 )
	=	9.619	/	( (67.346	+	74.296)	/ 2 )
	=	9.619	/	70.821
	=	13.58 %

Ghida Alsultan for Fast Food 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	5.388	/	( ( (94.074 - 23.483)	+	(103.078 - 28.782) )	/ 2 )
	=	5.388	/	( ( 70.591	+	74.296 )	/ 2 )
	=	5.388	/	72.4435
	=	7.44 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Ghida Alsultan for Fast Food Co (SAU:9567) 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.

Ghida Alsultan for Fast Food Co ROCE % Related Terms

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Ghida Alsultan for Fast Food Co (SAU:9567) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Ghida Alsultan for Fast Food Co (SAU:9567) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Sultan Street, Al Basateen District, Jeddah, SAU, 11860-3312

Website

https://www.ghidas.com

Ghida Alsultan for Fast Food Co is engaged in the food and beverage sector. The company is engaged in one operating segment engaged in selling fast food restaurant operates completely within the kingdom of Saudi Arabia.

Ghida Alsultan for Fast Food Co (SAU:9567) Headlines

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