Halwani Bros (SAU:6001) ROCE % : 22.86% (As of Mar. 2024)

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What is Halwani Bros 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. Halwani Bros's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.86%.

Halwani Bros ROCE % Historical Data

The historical data trend for Halwani Bros'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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Halwani Bros ROCE % Chart

Halwani Bros Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.54

23.15

19.28

7.11

-12.44

Halwani Bros Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															10.15	-15.74	-28.43	-20.01	22.86

Halwani Bros ROCE % Calculation

Halwani Bros'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 )
	=	-53.258	/	( ( (1009.967 - 504.941)	+	(902.307 - 550.865) )	/ 2 )
	=	-53.258	/	( (505.026	+	351.442)	/ 2 )
	=	-53.258	/	428.234
	=	-12.44 %

Halwani Bros'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 )
	=	72.68	/	( ( (902.307 - 550.865)	+	(819.377 - 534.922) )	/ 2 )
	=	72.68	/	( ( 351.442	+	284.455 )	/ 2 )
	=	72.68	/	317.9485
	=	22.86 %

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

Halwani Bros (SAU:6001) 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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Halwani Bros (SAU:6001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Halwani Bros (SAU:6001) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jeddah Industrial Area, fourth stage, PO Box 690, Jeddah, SAU, 21421

Website

https://www.halwani.com.sa

Halwani Bros is a Saudi Arabia based company engaged in the manufacturing, packaging, wholesale and retail trade of food products. It is into the production, marketing, and distribution of chilled and frozen meat, and sesame products. It offers sweets, bakery products stuffed with dates, dairy products, processed meat products, jams, and juices; Halawa; tahini; and packaging products. Substantial revenue is generated from the domestic sale of sesame products. The Group uses the geographical segment only as it operates in manufacturing, filling, whole and retail trade of food products.

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