Mozaffar Hossain Spinning Mills (DHA:MHSML) ROCE % : 11.66% (As of Dec. 2023)

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What is Mozaffar Hossain Spinning Mills 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. Mozaffar Hossain Spinning Mills's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.66%.

Mozaffar Hossain Spinning Mills ROCE % Historical Data

The historical data trend for Mozaffar Hossain Spinning Mills'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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Mozaffar Hossain Spinning Mills ROCE % Chart

Mozaffar Hossain Spinning Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-0.14

-2.12

7.84

13.29

9.52

Mozaffar Hossain Spinning Mills Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															11.60	10.21	5.15	10.18	11.66

Mozaffar Hossain Spinning Mills ROCE % Calculation

Mozaffar Hossain Spinning Mills'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 )
	=	366.294	/	( ( (5889.111 - 2088.556)	+	(6159.335 - 2264.412) )	/ 2 )
	=	366.294	/	( (3800.555	+	3894.923)	/ 2 )
	=	366.294	/	3847.739
	=	9.52 %

Mozaffar Hossain Spinning Mills'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	453.88	/	( ( (6212.157 - 2263.134)	+	(6492.873 - 2653.474) )	/ 2 )
	=	453.88	/	( ( 3949.023	+	3839.399 )	/ 2 )
	=	453.88	/	3894.211
	=	11.66 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Mozaffar Hossain Spinning Mills (DHA:MHSML) 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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Mozaffar Hossain Spinning Mills (DHA:MHSML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mozaffar Hossain Spinning Mills Ltd (DHA:MHSML) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

House No. 315, Road No. 04, DOHS, Baridhara, Dhaka, BGD, 1206

Website

https://www.simgroup-bd.com

Mozaffar Hossain Spinning Mills Ltd is a manufacturer and seller of woven fabrics and cotton yarn. The products of the company are sold at domestic market as deemed exporter delivered to the export oriented companies.

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