AlSaif Stores for Development and Investment Co (SAU:4192) ROCE % : 14.79% (As of Dec. 2023)

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What is AlSaif Stores for Development and Investment 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. AlSaif Stores for Development and Investment Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.79%.

AlSaif Stores for Development and Investment Co ROCE % Historical Data

The historical data trend for AlSaif Stores for Development and Investment 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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AlSaif Stores for Development and Investment Co ROCE % Chart

AlSaif Stores for Development and Investment Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

40.04

28.33

20.04

AlSaif Stores for Development and Investment Co Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial				24.50	39.76	13.19	13.57	14.79

AlSaif Stores for Development and Investment Co ROCE % Calculation

AlSaif Stores for Development and Investment 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 )
	=	114.571	/	( ( (652.58 - 120.913)	+	(940.982 - 329.16) )	/ 2 )
	=	114.571	/	( (531.667	+	611.822)	/ 2 )
	=	114.571	/	571.7445
	=	20.04 %

AlSaif Stores for Development and Investment 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 )
	=	89.496	/	( ( (823.05 - 224.769)	+	(940.982 - 329.16) )	/ 2 )
	=	89.496	/	( ( 598.281	+	611.822 )	/ 2 )
	=	89.496	/	605.0515
	=	14.79 %

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

AlSaif Stores for Development and Investment Co (SAU:4192) 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.

AlSaif Stores for Development and Investment Co ROCE % Related Terms

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AlSaif Stores for Development and Investment Co (SAU:4192) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » AlSaif Stores for Development and Investment Co (SAU:4192) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saud bin Abdulaziz bin Mohammed Street, Riyadh Altaawon Distrct Emam, P.O. Box 10448, Riyadh, SAU, 11626

Website

https://www.alsaifgallery.com

AlSaif Stores for Development and Investment Co operates in the home utensils and appliances retail sector in Saudi Arabia. The company fulfills customer needs such as by providing small home appliances, kitchenware, serveware, and other home accessories.

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