First Milling Co (SAU:2283) ROCE % : 18.91% (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is First Milling 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. First Milling Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.91%.

First Milling Co ROCE % Historical Data

The historical data trend for First Milling 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.

* Premium members only.

First Milling Co ROCE % Chart

First Milling Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

21.46

16.61

14.87

First Milling Co Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial					18.44	10.85	14.46	15.22	18.91

First Milling Co ROCE % Calculation

First Milling 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 )
	=	317.474	/	( ( (2426.35 - 337.439)	+	(2470.718 - 289.357) )	/ 2 )
	=	317.474	/	( (2088.911	+	2181.361)	/ 2 )
	=	317.474	/	2135.136
	=	14.87 %

First Milling 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 )
	=	411.9	/	( ( (2470.718 - 289.357)	+	(2527.344 - 353.188) )	/ 2 )
	=	411.9	/	( ( 2181.361	+	2174.156 )	/ 2 )
	=	411.9	/	2177.7585
	=	18.91 %

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

First Milling Co (SAU:2283) 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.

First Milling Co ROCE % Related Terms

Thank you for viewing the detailed overview of First Milling Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

First Milling Co (SAU:2283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » First Milling Co (SAU:2283) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jeddah Islamic Port, between gates 7 and 8, PO Box: 16165, Jeddah, SAU, 22312

Website

https://www.firstmills.com

First Milling Co operates as a producer of flour-based products and byproducts. It is mainly engaged in producing flour, bran, wheat derivatives, and animal feed. The Company operates in four regions in the Kingdom of Saudi Arabia, which are its reportable segments.

First Milling Co (SAU:2283) Headlines

No Headlines