Balady Poultry Trading Co (SAU:9559) ROCE % : 73.08% (As of Dec. 2023)

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What is Balady Poultry 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. Balady Poultry Trading Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 73.08%.

Balady Poultry Trading Co ROCE % Historical Data

The historical data trend for Balady Poultry 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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Balady Poultry Trading Co ROCE % Chart

Balady Poultry Trading Co Annual Data

Trend

Dec22

Dec23

ROCE %

57.74

56.19

Balady Poultry Trading Co Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			55.88	61.87	37.22	50.91	73.08

Balady Poultry Trading Co ROCE % Calculation

Balady Poultry Trading 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 )
	=	104.686	/	( ( (186.477 - 33.688)	+	(256.14 - 36.331) )	/ 2 )
	=	104.686	/	( (152.789	+	219.809)	/ 2 )
	=	104.686	/	186.299
	=	56.19 %

Balady Poultry Trading 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	153.46	/	( ( (226.522 - 26.344)	+	(256.14 - 36.331) )	/ 2 )
	=	153.46	/	( ( 200.178	+	219.809 )	/ 2 )
	=	153.46	/	209.9935
	=	73.08 %

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

Balady Poultry Trading Co (SAU:9559) 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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Balady Poultry Trading Co (SAU:9559) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Balady Poultry Trading Co (SAU:9559) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Main Road, Wadi bin Hashbal, Khamis Mushayt, SAU, 62952

Website

https://www.balady-sa.com

Balady Poultry Trading Co specializes in importing, buying, and selling Pullet, breeding, and feeding poultry and provides veterinary care. It also owns, operates, and manages poultry farms. The firm engages in the production of poultry products in the Kingdom of Saudi Arabia. It offers fresh and marinated whole chicken; and chicken parts, including gizzards, hearts, breasts, thighs, whole chicken feet, wings, chicken pieces, liver, feet, and legs.

Balady Poultry Trading Co (SAU:9559) Headlines

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