Amwaj International Co (SAU:9537) ROCE % : 8.30% (As of Dec. 2023)

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What is Amwaj International 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. Amwaj International Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.30%.

Amwaj International Co ROCE % Historical Data

The historical data trend for Amwaj International 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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Amwaj International Co ROCE % Chart

Amwaj International Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

36.95

29.23

15.36

Amwaj International Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			19.55	34.51	24.84	21.69	8.30

Amwaj International Co ROCE % Calculation

Amwaj International 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 )
	=	19.978	/	( ( (362.532 - 234.824)	+	(374.127 - 241.767) )	/ 2 )
	=	19.978	/	( (127.708	+	132.36)	/ 2 )
	=	19.978	/	130.034
	=	15.36 %

Amwaj International 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	11.204	/	( ( (363.17 - 225.702)	+	(374.127 - 241.767) )	/ 2 )
	=	11.204	/	( ( 137.468	+	132.36 )	/ 2 )
	=	11.204	/	134.914
	=	8.30 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Amwaj International Co (SAU:9537) 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.

Amwaj International Co ROCE % Related Terms

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Amwaj International Co (SAU:9537) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Amwaj International Co (SAU:9537) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alorouba Street, Alolaya, Riyadh, SAU

Website

https://www.amwaj-trd.com

Amwaj International Co is engaged in the field of selling and distributing electronic and home appliances. Its products include air conditioning; televisions; washing machines; water coolers; heaters and other products.

Amwaj International Co (SAU:9537) Headlines

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