Almunajem Foods (SAU:4162) ROCE % : 34.14% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Almunajem Foods 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. Almunajem Foods's annualized ROCE % for the quarter that ended in Dec. 2023 was 34.14%.

Almunajem Foods ROCE % Historical Data

The historical data trend for Almunajem Foods'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.

Almunajem Foods ROCE % Chart

Almunajem Foods Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

33.49

22.85

33.16

30.75

Almunajem Foods Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								8.88	34.99	23.61	25.41	34.14

Almunajem Foods ROCE % Calculation

Almunajem Foods'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 )
	=	308.628	/	( ( (1484.349 - 494.825)	+	(1564.757 - 546.871) )	/ 2 )
	=	308.628	/	( (989.524	+	1017.886)	/ 2 )
	=	308.628	/	1003.705
	=	30.75 %

Almunajem Foods'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 )
	=	353.536	/	( ( (1503.749 - 450.8)	+	(1564.757 - 546.871) )	/ 2 )
	=	353.536	/	( ( 1052.949	+	1017.886 )	/ 2 )
	=	353.536	/	1035.4175
	=	34.14 %

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

Almunajem Foods (SAU:4162) 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.

Almunajem Foods ROCE % Related Terms

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

Almunajem Foods (SAU:4162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Almunajem Foods (SAU:4162) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7510 Takhassusi Street, P O Box 1544, North Mathar, Riyadh, SAU, 11441

Website

https://www.almunajemfoods.com

Almunajem Foods is a food company which is engaged in the importation, marketing, and distribution of frozen, chilled, and dry foodstuff. It serves over 18,000 customer outlets including retail, food services, and wholesale channels.

Almunajem Foods (SAU:4162) Headlines

No Headlines