Alkhorayef Water & Power Technologies (SAU:2081) ROCE % : 31.62% (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Alkhorayef Water & Power Technologies 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. Alkhorayef Water & Power Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 31.62%.

Alkhorayef Water & Power Technologies ROCE % Historical Data

The historical data trend for Alkhorayef Water & Power Technologies'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.

* Premium members only.

Alkhorayef Water & Power Technologies ROCE % Chart

Alkhorayef Water & Power Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

31.16

27.39

25.60

29.03

Alkhorayef Water & Power Technologies Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											28.73	27.27	28.40	21.79	31.62

Alkhorayef Water & Power Technologies ROCE % Calculation

Alkhorayef Water & Power Technologies'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 )
	=	194.788	/	( ( (1186.591 - 586.06)	+	(1702.029 - 960.643) )	/ 2 )
	=	194.788	/	( (600.531	+	741.386)	/ 2 )
	=	194.788	/	670.9585
	=	29.03 %

Alkhorayef Water & Power Technologies's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	238.652	/	( ( (1702.029 - 960.643)	+	(1837.15 - 1069.046) )	/ 2 )
	=	238.652	/	( ( 741.386	+	768.104 )	/ 2 )
	=	238.652	/	754.745
	=	31.62 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Alkhorayef Water & Power Technologies (SAU:2081) 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.

Alkhorayef Water & Power Technologies ROCE % Related Terms

Thank you for viewing the detailed overview of Alkhorayef Water & Power Technologies's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Alkhorayef Water & Power Technologies (SAU:2081) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Alkhorayef Water & Power Technologies (SAU:2081) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Abdulaziz Road (North) Exit-5, Post Box No. 62637, AlNafal District, Riyadh, SAU, 11595

Website

https://www.awpt.com.sa

Alkhorayef Water & Power Technologies is a player in the Saudi Arabian water and wastewater market. Its business consists of three business divisions: Water segment; Wastewater segment; and Integrated solutions segment. It provides services including water withdrawal and treatment, water networks, wastewater networks, wastewater treatment, city management, stormwater network and lifting stations, and water management services.

Alkhorayef Water & Power Technologies (SAU:2081) Headlines

No Headlines