Envoy Textiles (DHA:ENVOYTEX) ROCE % : 16.06% (As of Mar. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Envoy Textiles 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. Envoy Textiles's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.06%.

Envoy Textiles ROCE % Historical Data

The historical data trend for Envoy Textiles'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.

Envoy Textiles ROCE % Chart

Envoy Textiles Annual Data

Trend

Sep14

Sep15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

12.39

8.72

9.56

11.77

9.48

Envoy Textiles 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															10.34	7.27	11.30	12.47	16.06

Envoy Textiles ROCE % Calculation

Envoy Textiles's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	1203.42	/	( ( (19721.351 - 7144.046)	+	(20702.327 - 7896.086) )	/ 2 )
	=	1203.42	/	( (12577.305	+	12806.241)	/ 2 )
	=	1203.42	/	12691.773
	=	9.48 %

Envoy Textiles'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 )
	=	2149.46	/	( ( (20645.487 - 7132.159)	+	(21581.331 - 8329.998) )	/ 2 )
	=	2149.46	/	( ( 13513.328	+	13251.333 )	/ 2 )
	=	2149.46	/	13382.3305
	=	16.06 %

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

Envoy Textiles (DHA:ENVOYTEX) 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.

Envoy Textiles ROCE % Related Terms

Thank you for viewing the detailed overview of Envoy Textiles's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Envoy Textiles (DHA:ENVOYTEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Envoy Textiles Ltd (DHA:ENVOYTEX) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

18/E, Lake Circus, Kalabagan, Envoy Tower, West Panthapath, Dhaka, BGD, 1205

Website

http://www.envoytextiles.com

Envoy Textiles Ltd is a manufacturer of denim in Bangladesh. The company produces a range of denim products featuring a wide range of yarns and weaves in various shades of indigo and black. The company specializes in 4.5 oz to 14.75 oz ring and open-end denim and uses stretch, mill wash, and modern finishing processes. The product consists of cent percent cotton denim, overdyed denim fabric, flat/mercerized denim, coated denim, dual-core, blender, indigo, stretch denim fabric, vintage cross-hatch style denim fabric, natural denim, cotton/poly/spandex, performance denim, handloom/knit look, and tencel.

Envoy Textiles (DHA:ENVOYTEX) Headlines

No Headlines