Saudi Aramco Base Oil Co - Luberef (SAU:2223) ROCE % : 17.39% (As of Mar. 2024)

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What is Saudi Aramco Base Oil Co - Luberef 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 Aramco Base Oil Co - Luberef's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.39%.

Saudi Aramco Base Oil Co - Luberef ROCE % Historical Data

The historical data trend for Saudi Aramco Base Oil Co - Luberef'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 Aramco Base Oil Co - Luberef ROCE % Chart

Saudi Aramco Base Oil Co - Luberef Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

25.63

30.86

23.60

Saudi Aramco Base Oil Co - Luberef Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial					26.33	26.67	21.71	17.79	17.39

Saudi Aramco Base Oil Co - Luberef ROCE % Calculation

Saudi Aramco Base Oil Co - Luberef'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 )
	=	1720.987	/	( ( (8644.817 - 1216.367)	+	(8856.47 - 1701.305) )	/ 2 )
	=	1720.987	/	( (7428.45	+	7155.165)	/ 2 )
	=	1720.987	/	7291.8075
	=	23.60 %

Saudi Aramco Base Oil Co - Luberef'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 )
	=	1119.128	/	( ( (8856.47 - 1701.305)	+	(8296.04 - 2580.689) )	/ 2 )
	=	1119.128	/	( ( 7155.165	+	5715.351 )	/ 2 )
	=	1119.128	/	6435.258
	=	17.39 %

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

Saudi Aramco Base Oil Co - Luberef (SAU:2223) 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 Aramco Base Oil Co - Luberef (SAU:2223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saudi Aramco Base Oil Co - Luberef (SAU:2223) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saudi Aramco Industrial Area, P.O. Box 5518, Jeddah, SAU, 21432

Website

https://www.luberef.com

Saudi Aramco Base Oil Co - Luberef is engaged in constructing, owning, and operating refineries of lubricating oils and to purchase, sell, transporting, marketing, importing, and exporting lubricating oils, additives, lubricating oil blending stocks, byproducts, and other related petroleum products. Geographically, the company operates in the Kingdom of Saudi Arabia, the United Arab Emirates, India, Egypt, Singapore, and Others.

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