Arabian Contracting Services Co (SAU:4071) ROCE % : 20.39% (As of Dec. 2023)

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What is Arabian Contracting Services 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. Arabian Contracting Services Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.39%.

Arabian Contracting Services Co ROCE % Historical Data

The historical data trend for Arabian Contracting Services 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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Arabian Contracting Services Co ROCE % Chart

Arabian Contracting Services Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

6.05

15.69

16.77

17.44

Arabian Contracting Services Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								22.58	23.62	22.11	18.28	20.39

Arabian Contracting Services Co ROCE % Calculation

Arabian Contracting Services 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 )
	=	459.333	/	( ( (2642.243 - 787.644)	+	(4545.374 - 1131.546) )	/ 2 )
	=	459.333	/	( (1854.599	+	3413.828)	/ 2 )
	=	459.333	/	2634.2135
	=	17.44 %

Arabian Contracting Services 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 )
	=	558.016	/	( ( (2663.788 - 603.212)	+	(4545.374 - 1131.546) )	/ 2 )
	=	558.016	/	( ( 2060.576	+	3413.828 )	/ 2 )
	=	558.016	/	2737.202
	=	20.39 %

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

Arabian Contracting Services Co (SAU:4071) 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.

Arabian Contracting Services Co ROCE % Related Terms

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Arabian Contracting Services Co (SAU:4071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Arabian Contracting Services Co (SAU:4071) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Olaya Towers, Tower B, Floor 33, P.O.Box 55905, Riyadh, SAU, 11544

Website

https://www.al-arabia.com

Arabian Contracting Services Co in setting up and operating outdoor advertising billboards, including roadside advertising and indoor advertising. In roadside advertising, the company participates in the tenders organized by various secretariat, municipalities, and government agencies in all provinces and cities of Saudi Arabia to lease and invest in the many sites belonging to these agencies and secretariat by installing billboards in them and selling these billboards advertising spaces to their clients.

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