AME Company for Medical Supplies (SAU:9527) ROCE % : 20.78% (As of Dec. 2023)

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What is AME Company for Medical Supplies 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. AME Company for Medical Supplies's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.78%.

AME Company for Medical Supplies ROCE % Historical Data

The historical data trend for AME Company for Medical Supplies'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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AME Company for Medical Supplies ROCE % Chart

AME Company for Medical Supplies Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

23.98

27.76

29.99

AME Company for Medical Supplies Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			30.41	33.41	23.71	40.11	20.78

AME Company for Medical Supplies ROCE % Calculation

AME Company for Medical Supplies'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 )
	=	38.238	/	( ( (154.362 - 37.429)	+	(190.219 - 52.162) )	/ 2 )
	=	38.238	/	( (116.933	+	138.057)	/ 2 )
	=	38.238	/	127.495
	=	29.99 %

AME Company for Medical Supplies'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 )
	=	27.548	/	( ( (174.96 - 47.938)	+	(190.219 - 52.162) )	/ 2 )
	=	27.548	/	( ( 127.022	+	138.057 )	/ 2 )
	=	27.548	/	132.5395
	=	20.78 %

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

AME Company for Medical Supplies (SAU:9527) 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.

AME Company for Medical Supplies ROCE % Related Terms

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AME Company for Medical Supplies (SAU:9527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » AME Company for Medical Supplies (SAU:9527) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Sultan Street, P.O. Box 11544, Jeddah, SAU, 21463

Website

https://www.ame.med.sa

AME Company for Medical Supplies is engaged in providing medical devices and equipment. It generates maximum revenue from the medical supplies segment. The Company is engaged in wholesale and retail trade which mainly includes perfumes, cosmetics, orthotic devices, medical supplies, decorative soap, incense, veterinary medicine and medical equipment.

AME Company for Medical Supplies (SAU:9527) Headlines

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