Saudi Lime Industries Co (SAU:9566) ROCE % : 4.83% (As of Dec. 2023)

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What is Saudi Lime Industries 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 Lime Industries Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.83%.

Saudi Lime Industries Co ROCE % Historical Data

The historical data trend for Saudi Lime Industries 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 Lime Industries Co ROCE % Chart

Saudi Lime Industries Co Annual Data

Trend

Dec22

Dec23

ROCE %

7.10

4.63

Saudi Lime Industries Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
ROCE %	-	8.09	4.19	4.83

Saudi Lime Industries Co ROCE % Calculation

Saudi Lime Industries 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 )
	=	12.398	/	( ( (315.033 - 66.108)	+	(324.019 - 37.901) )	/ 2 )
	=	12.398	/	( (248.925	+	286.118)	/ 2 )
	=	12.398	/	267.5215
	=	4.63 %

Saudi Lime Industries 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 )
	=	13.704	/	( ( (349.638 - 68.534)	+	(324.019 - 37.901) )	/ 2 )
	=	13.704	/	( ( 281.104	+	286.118 )	/ 2 )
	=	13.704	/	283.611
	=	4.83 %

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

Saudi Lime Industries Co (SAU:9566) 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 Lime Industries Co ROCE % Related Terms

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Saudi Lime Industries Co (SAU:9566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Saudi Lime Industries Co (SAU:9566) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Al-Kharj Road, P.O Box 355208, Second Industrial City, Riyadh, SAU, 11383

Website

https://saudilime.com

Saudi Lime Industries Co is engaged in the manufacturing of quick and hydrated lime, quicklime powder, the manufacturing of lime sand bricks of various sizes, and the manufacturing of calcium carbonate.

Saudi Lime Industries Co (SAU:9566) Headlines

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