Saudi Telecom Co (SAU:7010) ROCE % : 11.02% (As of Dec. 2023)

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What is Saudi Telecom 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. Saudi Telecom Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.02%.

Saudi Telecom Co ROCE % Historical Data

The historical data trend for Saudi Telecom 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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Saudi Telecom Co ROCE % Chart

Saudi Telecom Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.04

14.85

14.46

14.53

15.13

Saudi Telecom 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															12.60	14.81	14.30	21.33	11.02

Saudi Telecom Co ROCE % Calculation

Saudi Telecom 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 )
	=	16065.721	/	( ( (137219.986 - 36400.164)	+	(159682.77 - 48070.79) )	/ 2 )
	=	16065.721	/	( (100819.822	+	111611.98)	/ 2 )
	=	16065.721	/	106215.901
	=	15.13 %

Saudi Telecom 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 )
	=	12221.98	/	( ( (156033.553 - 45789.863)	+	(159682.77 - 48070.79) )	/ 2 )
	=	12221.98	/	( ( 110243.69	+	111611.98 )	/ 2 )
	=	12221.98	/	110927.835
	=	11.02 %

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

Saudi Telecom Co (SAU:7010) 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.

Saudi Telecom Co ROCE % Related Terms

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Saudi Telecom Co (SAU:7010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Saudi Telecom Co (SAU:7010) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

P.O.Box 87912, Riyadh, SAU, 11652

Website

https://www.stc.com.sa

Saudi Telecom Co offers telecommunications, information and media services that establish, manage, operates and maintains fixed and mobile telecommunication networks and systems to customers. The company manufactures and markets devices, equipment, and components of different telecommunication networks including fixed, moving and special networks, and computer programs and the other intellectual properties. It is also engaged in real estate investment and the resulting activities, such as selling, buying, leasing, managing, developing and maintenance. The majority of the revenue is generated from Saudi Arabia.

Saudi Telecom Co (SAU:7010) Headlines

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