Herfy Food Services Co (SAU:6002) ROCE % : 2.30% (As of Mar. 2024)

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What is Herfy Food 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. Herfy Food Services Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.30%.

Herfy Food Services Co ROCE % Historical Data

The historical data trend for Herfy Food 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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Herfy Food Services Co ROCE % Chart

Herfy Food Services Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.26

5.46

11.21

2.33

2.51

Herfy Food Services Co 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															-1.05	3.24	4.76	3.22	2.30

Herfy Food Services Co ROCE % Calculation

Herfy Food 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 )
	=	42.028	/	( ( (1994.5 - 286.695)	+	(1906.672 - 259.147) )	/ 2 )
	=	42.028	/	( (1707.805	+	1647.525)	/ 2 )
	=	42.028	/	1677.665
	=	2.51 %

Herfy Food Services 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 )
	=	37.604	/	( ( (1906.672 - 259.147)	+	(1908.073 - 289.603) )	/ 2 )
	=	37.604	/	( ( 1647.525	+	1618.47 )	/ 2 )
	=	37.604	/	1632.9975
	=	2.30 %

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

Herfy Food Services Co (SAU:6002) 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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Herfy Food Services Co (SAU:6002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Herfy Food Services Co (SAU:6002) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Riyadh-Mourouj Quarter, P.O. Box 86958, Al Moroug District, Al Riyadh, SAU, 11632

Website

https://www.herfy.com

Herfy Food Services Co establishes, operates, and franchises restaurants in the Kingdom of Saudi Arabia. Its restaurants offer cooked meals to companies and others. The company also franchises restaurants in Kuwait, the United Arab Emirates, Egypt, and Bahrain; provides catering services; manufactures and sells meat products, as well as bakery and pastry, and sweets and chocolate products; and operates bakeries. In addition, it purchases and sells land for constructing buildings; and owns, uses, maintains, and leases stores and food store fridges.

Herfy Food Services Co (SAU:6002) Headlines

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