Saiham Cotton Mills (DHA:SAIHAMCOT) ROCE % : 8.07% (As of Mar. 2024)

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What is Saiham Cotton 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. Saiham Cotton Mills's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.07%.

Saiham Cotton Mills ROCE % Historical Data

The historical data trend for Saiham Cotton 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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Saiham Cotton Mills ROCE % Chart

Saiham Cotton Mills Annual Data

Trend

Apr15

Apr16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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6.39

1.98

4.10

6.48

3.65

Saiham Cotton Mills 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															-0.51	4.53	6.25	9.57	8.07

Saiham Cotton Mills ROCE % Calculation

Saiham Cotton 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 )
	=	236.485	/	( ( (9400.048 - 2795.187)	+	(10943.816 - 4592.538) )	/ 2 )
	=	236.485	/	( (6604.861	+	6351.278)	/ 2 )
	=	236.485	/	6478.0695
	=	3.65 %

Saiham Cotton Mills'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 )
	=	507.576	/	( ( (10931.902 - 4643.302)	+	(9970.381 - 3686.308) )	/ 2 )
	=	507.576	/	( ( 6288.6	+	6284.073 )	/ 2 )
	=	507.576	/	6286.3365
	=	8.07 %

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

Saiham Cotton Mills (DHA:SAIHAMCOT) 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.

Saiham Cotton Mills ROCE % Related Terms

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Saiham Cotton Mills (DHA:SAIHAMCOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Saiham Cotton Mills Ltd (DHA:SAIHAMCOT) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

House No. 34, Road No. 136, Gulshan-1, Saiham Tower, Block No. SE (C)-1, 11th Floor, Dhaka, BGD, 1212

Website

https://www.saihamcotton.com

Saiham Cotton Mills Ltd manufactures and sells cotton yarns for the export-oriented knitting industry. It offers auto coned electronically cleared cotton carded and combed grey yarn in Bangladesh. Carded, Combed, Organic KH, Organic CH, and CMIA are among the company's products.

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