Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) ROCE % : 21.17% (As of Dec. 2023)

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What is Aqaseem Factory for Chemicals & Plastics 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. Aqaseem Factory for Chemicals & Plastics Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.17%.

Aqaseem Factory for Chemicals & Plastics Co ROCE % Historical Data

The historical data trend for Aqaseem Factory for Chemicals & Plastics 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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Aqaseem Factory for Chemicals & Plastics Co ROCE % Chart

Aqaseem Factory for Chemicals & Plastics Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

17.66

16.45

23.41

Aqaseem Factory for Chemicals & Plastics Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			17.76	10.81	22.49	25.06	21.17

Aqaseem Factory for Chemicals & Plastics Co ROCE % Calculation

Aqaseem Factory for Chemicals & Plastics 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 )
	=	13.792	/	( ( (97.155 - 46.782)	+	(116.341 - 48.894) )	/ 2 )
	=	13.792	/	( (50.373	+	67.447)	/ 2 )
	=	13.792	/	58.91
	=	23.41 %

Aqaseem Factory for Chemicals & Plastics 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 )
	=	13.612	/	( ( (117.837 - 56.707)	+	(116.341 - 48.894) )	/ 2 )
	=	13.612	/	( ( 61.13	+	67.447 )	/ 2 )
	=	13.612	/	64.2885
	=	21.17 %

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

Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) 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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Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

East Ring Road - between exit 17 and 18, Riyadh, SAU

Website

https://www.agaseem.sa

Aqaseem Factory for Chemicals & Plastics Co manufactures oils and lubricants. Its product offering comprises a range of Automotive Lubricants, Industrial Lubricants, Marine Lubricants, and Grease. The firm offers Gasoline Engine oil, diesel engine oil, Gear oil, turbine oil, compressor oil, and hydraulic oil, among others.

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