Al Yamamah Steel Industries Co (SAU:1304) ROCE % : 22.86% (As of Mar. 2024)

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What is Al Yamamah Steel Industries 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. Al Yamamah Steel Industries Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.86%.

Al Yamamah Steel Industries Co ROCE % Historical Data

The historical data trend for Al Yamamah Steel Industries 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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Al Yamamah Steel Industries Co ROCE % Chart

Al Yamamah Steel Industries Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-1.41

13.35

30.27

2.39

-11.14

Al Yamamah Steel Industries 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															-4.03	-21.57	-3.08	24.99	22.86

Al Yamamah Steel Industries Co ROCE % Calculation

Al Yamamah Steel Industries Co's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-91.881	/	( ( (1919.43 - 1051.74)	+	(1790.893 - 1008.443) )	/ 2 )
	=	-91.881	/	( (867.69	+	782.45)	/ 2 )
	=	-91.881	/	825.07
	=	-11.14 %

Al Yamamah Steel Industries 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 )
	=	192.988	/	( ( (1791.906 - 963.284)	+	(1951.878 - 1092.149) )	/ 2 )
	=	192.988	/	( ( 828.622	+	859.729 )	/ 2 )
	=	192.988	/	844.1755
	=	22.86 %

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

Al Yamamah Steel Industries Co (SAU:1304) 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.

Al Yamamah Steel Industries Co ROCE % Related Terms

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Al Yamamah Steel Industries Co (SAU:1304) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Al Yamamah Steel Industries Co (SAU:1304) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Akaria Building, Salah Udin Al Ayoubi Street, P.O. Box 55303, Malaz Area, Aqaria Asteen, 6th Floor, Building 2, Office No. 6201, Riyadh, SAU, 11583

Website

http://www.yamsteel.com

Al Yamamah Steel Industries Co is a manufacturer of tubes, pipes and hollow shapes from iron, metal structures and their parts for bridges and towers, poles and their parts, including (poles, lighting cabins, traffic lights, etc.), installation of prefabricated steel structures for industrial facilities. The company produces and sells steel welded tubes, steel sheets, steel reinforcement bars, and three-dimension space structures. The company's operating segments include Construction and Electric. It generates maximum revenue from the Construction segment.

Al Yamamah Steel Industries Co (SAU:1304) Headlines

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