Edarat Communication And Information Technology Co (SAU:9557) ROCE % : 54.65% (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Edarat Communication And Information Technology 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. Edarat Communication And Information Technology Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 54.65%.

Edarat Communication And Information Technology Co ROCE % Historical Data

The historical data trend for Edarat Communication And Information Technology 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.

* Premium members only.

Edarat Communication And Information Technology Co ROCE % Chart

Edarat Communication And Information Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

50.34

68.57

55.49

Edarat Communication And Information Technology Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	94.71	53.75	57.67	54.65

Edarat Communication And Information Technology Co ROCE % Calculation

Edarat Communication And Information Technology 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 )
	=	19.789	/	( ( (39.015 - 12.151)	+	(60.715 - 16.258) )	/ 2 )
	=	19.789	/	( (26.864	+	44.457)	/ 2 )
	=	19.789	/	35.6605
	=	55.49 %

Edarat Communication And Information Technology 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: 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 )
	=	21.724	/	( ( (52.143 - 17.091)	+	(60.715 - 16.258) )	/ 2 )
	=	21.724	/	( ( 35.052	+	44.457 )	/ 2 )
	=	21.724	/	39.7545
	=	54.65 %

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

Edarat Communication And Information Technology Co (SAU:9557) 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.

Edarat Communication And Information Technology Co ROCE % Related Terms

Thank you for viewing the detailed overview of Edarat Communication And Information Technology Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Edarat Communication And Information Technology Co (SAU:9557) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edarat Communication And Information Technology Co (SAU:9557) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Nasir Bin Saud Bin Farhan Al Saud Street, Al Yasmeen District, Riyadh, SAU, 13322

Website

https://www.edaratgroup.com

Edarat Communication And Information Technology Co is a Cloud Service Provider, and a Data Center Consulting Company. It is a technology services company delivering critical facilities engineering, technology consulting, and cloud-managed services that help its clients build, modernize and transform their IT infrastructure to support their business strategies. Its services include advisory, data center engineering, smart cities & smart building technology (IoT), workload migration, and cloud services.

Edarat Communication And Information Technology Co (SAU:9557) Headlines

No Headlines