GPH Ispat (DHA:GPHISPAT) ROCE % : 12.49% (As of Dec. 2023)

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What is GPH Ispat 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. GPH Ispat's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.49%.

GPH Ispat ROCE % Historical Data

The historical data trend for GPH Ispat'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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GPH Ispat ROCE % Chart

GPH Ispat Annual Data

Trend

Apr13

Apr14

Apr15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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9.48

4.55

10.48

13.41

9.76

GPH Ispat Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															11.03	16.84	15.83	9.59	12.49

GPH Ispat ROCE % Calculation

GPH Ispat'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 )
	=	4181.514	/	( ( (64886.747 - 30253.04)	+	(86383.72 - 35325.932) )	/ 2 )
	=	4181.514	/	( (34633.707	+	51057.788)	/ 2 )
	=	4181.514	/	42845.7475
	=	9.76 %

GPH Ispat'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 )
	=	6425.032	/	( ( (88000.29 - 36321.205)	+	(88604.245 - 37440.042) )	/ 2 )
	=	6425.032	/	( ( 51679.085	+	51164.203 )	/ 2 )
	=	6425.032	/	51421.644
	=	12.49 %

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

GPH Ispat (DHA:GPHISPAT) 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.

GPH Ispat ROCE % Related Terms

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GPH Ispat (DHA:GPHISPAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » GPH Ispat Ltd (DHA:GPHISPAT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Crown Chamber, 325 Asadgonj, Chattogram, BGD, 4000

Website

https://www.gphispat.com.bd

GPH Ispat Ltd is engaged in the manufacturing and trading of iron products and steel. It also produces low and medium carbon and low alloy steel billets. The company products include Billet and Rebar which include Deformed bar and Plain bar.

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