Raoom Trading Co (SAU:9529) ROCE % : 22.78% (As of Sep. 2023)

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What is Raoom Trading 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. Raoom Trading Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 22.78%.

Raoom Trading Co ROCE % Historical Data

The historical data trend for Raoom Trading 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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Raoom Trading Co ROCE % Chart

Raoom Trading Co Annual Data

Trend

Dec21

Dec22

ROCE %

19.32

24.30

Raoom Trading Co Quarterly Data
	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial			21.09	17.99	28.72	-	22.78

Raoom Trading Co ROCE % Calculation

Raoom Trading Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	33.739	/	( ( (149.621 - 5.843)	+	(139.11 - 5.251) )	/ 2 )
	=	33.739	/	( (143.778	+	133.859)	/ 2 )
	=	33.739	/	138.8185
	=	24.30 %

Raoom Trading Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	38.192	/	( ( (174.649 - 7.484)	+	(175.661 - 7.55) )	/ 2 )
	=	38.192	/	( ( 167.165	+	168.111 )	/ 2 )
	=	38.192	/	167.638
	=	22.78 %

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

Raoom Trading Co (SAU:9529) 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.

Raoom Trading Co ROCE % Related Terms

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Raoom Trading Co (SAU:9529) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Raoom Trading Co (SAU:9529) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Onaiza Street, P.O. Box 48, Buraidah, SAU, 3245039

Website

https://www.raoomco.com

Raoom Trading Co is engaged in the manufacturing and trading of glass, mirrors, and aluminum decorations. Its products include Mirrors, Polycarbonate, Clear Flat Glass, Stained Glass, Reflective Glass, Trajectory Glass and Grained Glass.

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