Alkhorayef Water & Power Technologies (SAU:2081) ROCE % : 21.79% (As of Dec. 2023)

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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 Dec. 2023 was 21.79%.

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.

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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
ROCE %	Get a 7-Day Free Trial										24.23	28.73	27.27	28.40	21.79

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 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 )
	=	166.292	/	( ( (1638.94 - 854.294)	+	(1702.029 - 960.643) )	/ 2 )
	=	166.292	/	( ( 784.646	+	741.386 )	/ 2 )
	=	166.292	/	763.016
	=	21.79 %

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

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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.

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