SABIC Agri-Nutrient Co (SAU:2020) ROCE % : 17.22% (As of Mar. 2024)

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What is SABIC Agri-Nutrient 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. SABIC Agri-Nutrient Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.22%.

SABIC Agri-Nutrient Co ROCE % Historical Data

The historical data trend for SABIC Agri-Nutrient 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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SABIC Agri-Nutrient Co ROCE % Chart

SABIC Agri-Nutrient Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.01

14.85

43.36

51.09

19.02

SABIC Agri-Nutrient Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															19.88	15.88	22.11	21.84	17.22

SABIC Agri-Nutrient Co ROCE % Calculation

SABIC Agri-Nutrient 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 )
	=	4393.553	/	( ( (27056.685 - 2448.908)	+	(25303.529 - 3711.174) )	/ 2 )
	=	4393.553	/	( (24607.777	+	21592.355)	/ 2 )
	=	4393.553	/	23100.066
	=	19.02 %

SABIC Agri-Nutrient Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	3781.484	/	( ( (25303.529 - 3711.174)	+	(24737.351 - 2408.361) )	/ 2 )
	=	3781.484	/	( ( 21592.355	+	22328.99 )	/ 2 )
	=	3781.484	/	21960.6725
	=	17.22 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

SABIC Agri-Nutrient Co (SAU:2020) 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.

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SABIC Agri-Nutrient Co (SAU:2020) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » SABIC Agri-Nutrient Co (SAU:2020) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

P.O. Box 11044, Jubail Industrial City, SAU, 31961

Website

https://www.sabic.com

SABIC Agri-Nutrient Co is engaged in the production, conversion, manufacturing, marketing, and trading of fertilizers of all types inside and outside the Kingdom of Saudi Arabia. Its product range includes urea, ammonia, and a comprehensive portfolio of nitrogen-based inorganic products.

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