AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) ROCE % : 19.02% (As of Dec. 2023)

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What is AlMuneef Co For Trade Industry Agriculture And Contracting 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. AlMuneef Co For Trade Industry Agriculture And Contracting's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.02%.

AlMuneef Co For Trade Industry Agriculture And Contracting ROCE % Historical Data

The historical data trend for AlMuneef Co For Trade Industry Agriculture And Contracting'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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AlMuneef Co For Trade Industry Agriculture And Contracting ROCE % Chart

AlMuneef Co For Trade Industry Agriculture And Contracting Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

31.42

22.32

AlMuneef Co For Trade Industry Agriculture And Contracting Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
ROCE %	-	25.62	25.56	19.02

AlMuneef Co For Trade Industry Agriculture And Contracting ROCE % Calculation

AlMuneef Co For Trade Industry Agriculture And Contracting'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 )
	=	20.225	/	( ( (93.371 - 11.312)	+	(112.74 - 13.599) )	/ 2 )
	=	20.225	/	( (82.059	+	99.141)	/ 2 )
	=	20.225	/	90.6
	=	22.32 %

AlMuneef Co For Trade Industry Agriculture And Contracting'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 )
	=	18.186	/	( ( (99.513 - 7.38)	+	(112.74 - 13.599) )	/ 2 )
	=	18.186	/	( ( 92.133	+	99.141 )	/ 2 )
	=	18.186	/	95.637
	=	19.02 %

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

AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) 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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AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building No. 5065, Unit No. 1, Al-Manakh District, Riyadh, SAU, 14314

Website

https://www.almuneef.com

AlMuneef Co For Trade Industry Agriculture And Contracting is engaged in the business which includes operating quarries, cutting and sawing marble, renovation of residential and non-residential buildings, wholesale of chemical fertilizers and soil conditioners, and pesticides, as listed in the commercial register. wholesale of pesticides, wholesale of health pesticides, and retail of pesticides. Fuel for automobiles and motorcycles (gas stations), retail of seedlings and saplings of agricultural products, retail of plant seeds, fertilizers, and soil conditioners, retail of agricultural pesticides, land transportation of goods, silo storage of grains, flour, and agricultural products.

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