BEXIMCO (DHA:BEXIMCO) ROCE % : 5.60% (As of Dec. 2023)

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What is BEXIMCO 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. BEXIMCO's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.60%.

BEXIMCO ROCE % Historical Data

The historical data trend for BEXIMCO'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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BEXIMCO ROCE % Chart

BEXIMCO Annual Data

Trend

Dec12

Dec13

Dec14

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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6.95

6.52

12.83

15.83

8.73

BEXIMCO Quarterly Data
	Dec11	Dec12	Dec13	Dec14	Jun17	Jun18	Jun19	Jun20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															16.12	6.74	1.63	1.55	5.60

BEXIMCO ROCE % Calculation

BEXIMCO'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 )
	=	13392.902	/	( ( (183552.684 - 39098.654)	+	(193499.344 - 31278.649) )	/ 2 )
	=	13392.902	/	( (144454.03	+	162220.695)	/ 2 )
	=	13392.902	/	153337.3625
	=	8.73 %

BEXIMCO'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 )
	=	8860.42	/	( ( (183586.432 - 23846.987)	+	(186037.012 - 29523.271) )	/ 2 )
	=	8860.42	/	( ( 159739.445	+	156513.741 )	/ 2 )
	=	8860.42	/	158126.593
	=	5.60 %

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

BEXIMCO (DHA:BEXIMCO) 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.

BEXIMCO ROCE % Related Terms

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BEXIMCO (DHA:BEXIMCO) Business Description

Industry

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

Traded in Other Exchanges

N/A

Address

Bir Uttam M. A. Rob Sarak Road No. 2, Plot No. 24 (New) 17 (Old), Dhanmondi, Dhaka, BGD, 1205

Website

https://www.beximco.com

BEXIMCO Ltd is a Bangladesh-based company, its business activities include investment operation, agency, and trading in other commodities. The company is also engaged in manufacturing and marketing of yarn that is consumed by weaving mills of Bangladesh including its own weaving mills producing and marketing fabric, that are also consumed by the export-oriented garments industries of Bangladesh including the garments factories of Beximco Group. It operates in two divisions: textiles and others out of which textile derives the majority revenue.

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