Saudi Arabian Oil Co (SAU:2222) ROCE % : 37.62% (As of Dec. 2023)

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What is Saudi Arabian Oil 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. Saudi Arabian Oil Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 37.62%.

Saudi Arabian Oil Co ROCE % Historical Data

The historical data trend for Saudi Arabian Oil 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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Saudi Arabian Oil Co ROCE % Chart

Saudi Arabian Oil Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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55.12

25.97

44.28

57.80

41.47

Saudi Arabian Oil Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															45.90	43.06	40.74	44.38	37.62

Saudi Arabian Oil Co ROCE % Calculation

Saudi Arabian Oil 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 )
	=	896253	/	( ( (2492924 - 331386)	+	(2477940 - 317566) )	/ 2 )
	=	896253	/	( (2161538	+	2160374)	/ 2 )
	=	896253	/	2160956
	=	41.47 %

Saudi Arabian Oil 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	815736	/	( ( (2515523 - 338833)	+	(2477940 - 317566) )	/ 2 )
	=	815736	/	( ( 2176690	+	2160374 )	/ 2 )
	=	815736	/	2168532
	=	37.62 %

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

Saudi Arabian Oil Co (SAU:2222) 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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Saudi Arabian Oil Co (SAU:2222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saudi Arabian Oil Co (SAU:2222) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 5000, Dhahran, SAU, 31311

Website

https://www.aramco.com

Saudi Aramco is the national oil company of Saudi Arabia and holds the exclusive right to explore for, produce, and refine the country's hydrocarbons. It is the largest oil and gas producer in the world with production volume of 13.6 mmboe/d in 2022, including 11.5 mmboe/d of liquids. Its 4.1 mmb/d in net refining capacity makes it the world's fourth-largest refiner. It also owns 56.3 million metric tons of chemical manufacturing capacity, placing it among the top five global chemical companies.

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