BSRM Steels (DHA:BSRMSTEEL) ROCE %

: 26.93% (As of Dec. 2023)

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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. BSRM Steels's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.93%.

BSRM Steels ROCE % Historical Data

The historical data trend for BSRM Steels'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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BSRM Steels Annual Data

Trend

Dec13

Dec14

Dec15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

17.99

13.76

16.41

16.17

15.70

BSRM Steels Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																14.01	27.60	9.75	18.45	26.93

BSRM Steels ROCE % Calculation

BSRM Steels'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 )
	=	5272.446	/	( ( (82021.394 - 48890.915)	+	(76899.124 - 42857.732) )	/ 2 )
	=	5272.446	/	( (33130.479	+	34041.392)	/ 2 )
	=	5272.446	/	33585.9355
	=	15.70 %

BSRM Steels'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 )
	=	9948.06	/	( ( (85781.289 - 49668.98)	+	(96573.095 - 58793.801) )	/ 2 )
	=	9948.06	/	( ( 36112.309	+	37779.294 )	/ 2 )
	=	9948.06	/	36945.8015
	=	26.93 %

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

BSRM Steels (DHA:BSRMSTEEL) 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.

BSRM Steels ROCE % Related Terms

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BSRM Steels (DHA:BSRMSTEEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » BSRM Steels Ltd (DHA:BSRMSTEEL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sadarghat Road, No. 1207/1099, Ali Mansion, Chattagong, BGD, 4100

Website

https://www.bsrm.com

BSRM Steels Ltd is a steel manufacturing company. The firm has two reportable segments namely M.S Rod and M.S Billets. The M.S Rod segment produces different graded Rod and sells the same to several dealers, end-users, other corporate users, Government projects, etc. The M.S Billets segment produces different graded Billets and uses them for the production of M.S Rod.

BSRM Steels (DHA:BSRMSTEEL) Headlines

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