Al Kathiri Holding Co (SAU:3008) ROCE % : -5.49% (As of Dec. 2023)

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What is Al Kathiri Holding 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. Al Kathiri Holding Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.49%.

Al Kathiri Holding Co ROCE % Historical Data

The historical data trend for Al Kathiri Holding 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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Al Kathiri Holding Co ROCE % Chart

Al Kathiri Holding Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.62

10.24

8.91

3.88

3.16

Al Kathiri Holding Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															19.84	6.04	6.47	6.37	-5.49

Al Kathiri Holding Co ROCE % Calculation

Al Kathiri Holding 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 )
	=	6.559	/	( ( (201.89 - 38.95)	+	(300.971 - 49.124) )	/ 2 )
	=	6.559	/	( (162.94	+	251.847)	/ 2 )
	=	6.559	/	207.3935
	=	3.16 %

Al Kathiri Holding 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 )
	=	-14.156	/	( ( (297.596 - 34.183)	+	(300.971 - 49.124) )	/ 2 )
	=	-14.156	/	( ( 263.413	+	251.847 )	/ 2 )
	=	-14.156	/	257.63
	=	-5.49 %

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

Al Kathiri Holding Co (SAU:3008) 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.

Al Kathiri Holding Co ROCE % Related Terms

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Al Kathiri Holding Co (SAU:3008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Al Kathiri Holding Co (SAU:3008) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Yazid bin Abdullah bin, Unit No. 19, Abdulrahman - Al - Malqa District, Riyadh, SAU, 13523-6695

Website

https://www.alkathiriholding.com

Al Kathiri Holding Co is engaged in the building materials business. The company transfers, distributes, and sells cement to local markets in all regions of the Kingdom, mainly the markets of the central region and the western region. It also distributes and supplies raw materials for the production of ready-made concrete of all kinds. The company has established a prefabricated concrete plant. The activities of the company later expanded to include the production of ready-mixed concrete and the manufacture of Imdo panels.

Al Kathiri Holding Co (SAU:3008) Headlines

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