Alltex Industries (DHA:ALLTEX) ROCE % : 0.14% (As of Dec. 2023)

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What is Alltex Industries 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. Alltex Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.14%.

Alltex Industries ROCE % Historical Data

The historical data trend for Alltex Industries'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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Alltex Industries ROCE % Chart

Alltex Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-9.25

-21.45

-10.62

2.14

-17.88

Alltex Industries Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-22.05	33.49	30.22	-114.87	0.14

Alltex Industries ROCE % Calculation

Alltex Industries'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 )
	=	-145.749	/	( ( (3803.875 - 2950.225)	+	(3847.982 - 3071.248) )	/ 2 )
	=	-145.749	/	( (853.65	+	776.734)	/ 2 )
	=	-145.749	/	815.192
	=	-17.88 %

Alltex Industries'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	1.004	/	( ( (3847.982 - 3071.248)	+	(3840.786 - 3143.506) )	/ 2 )
	=	1.004	/	( ( 776.734	+	697.28 )	/ 2 )
	=	1.004	/	737.007
	=	0.14 %

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

Alltex Industries (DHA:ALLTEX) 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.

Alltex Industries ROCE % Related Terms

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Alltex Industries (DHA:ALLTEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Alltex Industries Ltd (DHA:ALLTEX) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Alltex Industrial Park, Ariabo, Barpa, Rupgonj, Narayangonj, BGD

Website

http://www.alltexbd.com

Alltex Industries Ltd engaged in dyeing, finishing, and printing gray fabrics towards making Home Textile products for export. Its products include pigment & reactive prints & dyed duvet covers, flat sheets, fitted sheets, frilled valance sheets, platform balances, curtains, pelmets, comforter shells, dust ruffles, window valances, pillowcases, shams, and other home textile products. It is also in the process of establishing the Footwear business.

Alltex Industries (DHA:ALLTEX) Headlines

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