Pak Leather Crafts (KAR:PAKL) ROCE % : 0.00% (As of . 20)

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What is Pak Leather Crafts 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. Pak Leather Crafts's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Pak Leather Crafts ROCE % Historical Data

The historical data trend for Pak Leather Crafts'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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Pak Leather Crafts ROCE % Chart

Pak Leather Crafts Annual Data

Trend

ROCE %

Pak Leather Crafts Quarterly Data

ROCE %

Pak Leather Crafts ROCE % Calculation

Pak Leather Crafts's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Pak Leather Crafts's ROCE % of for the quarter that ended in . 20 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is four times the quarterly (. 20) EBIT data.

Pak Leather Crafts (KAR:PAKL) 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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Pak Leather Crafts (KAR:PAKL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pak Leather Crafts Ltd (KAR:PAKL) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Korangi Industrial Area, Plot-18, Sector 7-A, Karachi, PB, PAK

Website

https://www.pakleather.com

Pak Leather Crafts Ltd is engaged in tanning, manufacturing, and export of leather and leather garments. The leather is produced in several articles and colors in lamb, goat, cow, and buffalo skins at the company's tannery. The leather produced by the company is suitable for garments, shoes, gloves, and bags.

Pak Leather Crafts (KAR:PAKL) Headlines

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