Aluminium of Egypt (CAI:EGAL) ROCE % : 93.51% (As of Sep. 2023)

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What is Aluminium of Egypt 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. Aluminium of Egypt's annualized ROCE % for the quarter that ended in Sep. 2023 was 93.51%.

Aluminium of Egypt ROCE % Historical Data

The historical data trend for Aluminium of Egypt'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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Aluminium of Egypt ROCE % Chart

Aluminium of Egypt Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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9.04

-23.42

1.56

26.90

55.76

Aluminium of Egypt Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															31.38	64.67	128.71	29.10	93.51

Aluminium of Egypt ROCE % Calculation

Aluminium of Egypt's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	5135.673	/	( ( (12985.639 - 2073.331)	+	(10630.479 - 3121.591) )	/ 2 )
	=	5135.673	/	( (10912.308	+	7508.888)	/ 2 )
	=	5135.673	/	9210.598
	=	55.76 %

Aluminium of Egypt's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	8720	/	( ( (10630.479 - 3121.591)	+	(18569.779 - 7428.121) )	/ 2 )
	=	8720	/	( ( 7508.888	+	11141.658 )	/ 2 )
	=	8720	/	9325.273
	=	93.51 %

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

Aluminium of Egypt (CAI:EGAL) 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.

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Aluminium of Egypt (CAI:EGAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aluminium of Egypt SA (CAI:EGAL) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

48-50 Abdel Khalek Sarwat Street, Cairo, EGY

Website

http://www.egyptalum.com.eg

Aluminium of Egypt SA is an Egypt-based company engaged in the production and sale of aluminum products and by-products. Egyptalum's products include ingots, slabs, sheets, billets, plates, wires and anode blocks.

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