Global Heavy Chemicals (DHA:GHCL) ROCE % : 1.85% (As of Mar. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Global Heavy Chemicals 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. Global Heavy Chemicals's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.85%.

Global Heavy Chemicals ROCE % Historical Data

The historical data trend for Global Heavy Chemicals'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.

* Premium members only.

Global Heavy Chemicals ROCE % Chart

Global Heavy Chemicals Annual Data

Trend

Dec14

Dec15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

2.48

1.63

1.57

-0.66

-6.98

Global Heavy Chemicals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-1.72	-25.47	-11.93	-10.89	1.85

Global Heavy Chemicals ROCE % Calculation

Global Heavy Chemicals'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 )
	=	-295.61	/	( ( (5180.58 - 730.739)	+	(5186.227 - 1167.764) )	/ 2 )
	=	-295.61	/	( (4449.841	+	4018.463)	/ 2 )
	=	-295.61	/	4234.152
	=	-6.98 %

Global Heavy Chemicals's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	68.176	/	( ( (5068.267 - 1377.119)	+	(5013.081 - 1337.25) )	/ 2 )
	=	68.176	/	( ( 3691.148	+	3675.831 )	/ 2 )
	=	68.176	/	3683.4895
	=	1.85 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Global Heavy Chemicals (DHA:GHCL) 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.

Global Heavy Chemicals ROCE % Related Terms

Thank you for viewing the detailed overview of Global Heavy Chemicals's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Global Heavy Chemicals (DHA:GHCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Global Heavy Chemicals Ltd (DHA:GHCL) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

37, Segun Bagicha, Dhaka, BGD, 1000

Website

http://www.ghclbd.com

Global Heavy Chemicals Ltd is Bangladesh-Based a chemical manufacturing company. The principal business activity of the company is to manufacture and distribute Sodium hydroxide, Chlorine and other chemical products. Its product portfolio includes certain brands for retail purposes such as Clotech Liquid Bleach, Tuffclean Tiles Cleaner and others.

Global Heavy Chemicals (DHA:GHCL) Headlines

No Headlines