Oman Flour Mills (MUS:OFMI) ROCE % : 8.11% (As of Jun. 2019)

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What is Oman Flour 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. Oman Flour Mills's annualized ROCE % for the quarter that ended in Jun. 2019 was 8.11%.

Oman Flour Mills ROCE % Historical Data

The historical data trend for Oman Flour 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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Oman Flour Mills ROCE % Chart

Oman Flour Mills Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

ROCE %

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15.09

11.74

12.70

13.38

18.62

Oman Flour Mills Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Sep18	Mar19	Jun19
ROCE %	Get a 7-Day Free Trial															18.02	18.73	-	13.25	8.11

Oman Flour Mills ROCE % Calculation

Oman Flour Mills's annualized ROCE % for the fiscal year that ended in Jun. 2016 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2016 )		(A: Jun. 2015 )		(A: Jun. 2016 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2016 )		(A: Jun. 2015 )		(A: Jun. 2016 )
	=	14.695	/	( ( (82.435 - 7.717)	+	(89.867 - 6.786) )	/ 2 )
	=	14.695	/	( (74.718	+	83.081)	/ 2 )
	=	14.695	/	78.8995
	=	18.62 %

Oman Flour Mills's ROCE % of for the quarter that ended in Jun. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2019 )		(Q: Mar. 2019 )		(Q: Jun. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2019 )		(Q: Mar. 2019 )		(Q: Jun. 2019 )
	=	7.408	/	( ( (107.376 - 16.303)	+	(102.204 - 10.524) )	/ 2 )
	=	7.408	/	( ( 91.073	+	91.68 )	/ 2 )
	=	7.408	/	91.3765
	=	8.11 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2019) EBIT data.

Oman Flour Mills (MUS:OFMI) 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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Oman Flour Mills (MUS:OFMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Oman Flour Mills (MUS:OFMI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 566, Ruwi, OMN, 112

Website

http://www.omanflourmills.com

Oman Flour Mills is an Oman-based company engaged in the milling of wheat and other cereals and sale of flour, and the processing and sale of animal feed. In addition, the company through its subsidiaries is also involved in the production and sale of eggs, and selling and distribution of franchise frozen bakery products. The group generates the majority of the revenue from the processing and sale of a flour mill and feed mill. The company markets its flour mill products through Dahabi brand and feed mill products through Barakat brand.

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