JMI Syringes & Medical Devices (DHA:JMISMDL) ROCE % : 3.13% (As of Dec. 2023)

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

What is JMI Syringes & Medical Devices 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. JMI Syringes & Medical Devices's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.13%.

JMI Syringes & Medical Devices ROCE % Historical Data

The historical data trend for JMI Syringes & Medical Devices'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.

JMI Syringes & Medical Devices ROCE % Chart

JMI Syringes & Medical Devices Annual Data

Trend

Dec14

Dec15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

Get a 7-Day Free Trial

14.06

8.06

7.02

7.81

2.79

JMI Syringes & Medical Devices 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															3.23	2.38	0.17	1.53	3.13

JMI Syringes & Medical Devices ROCE % Calculation

JMI Syringes & Medical Devices'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 )
	=	77.395	/	( ( (3419.779 - 577.054)	+	(2998.679 - 302.143) )	/ 2 )
	=	77.395	/	( (2842.725	+	2696.536)	/ 2 )
	=	77.395	/	2769.6305
	=	2.79 %

JMI Syringes & Medical Devices'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 )
	=	84.176	/	( ( (3014 - 314.841)	+	(2928.861 - 257.432) )	/ 2 )
	=	84.176	/	( ( 2699.159	+	2671.429 )	/ 2 )
	=	84.176	/	2685.294
	=	3.13 %

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

JMI Syringes & Medical Devices (DHA:JMISMDL) 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.

JMI Syringes & Medical Devices ROCE % Related Terms

Thank you for viewing the detailed overview of JMI Syringes & Medical Devices's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

JMI Syringes & Medical Devices (DHA:JMISMDL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » JMI Syringes & Medical Devices Ltd (DHA:JMISMDL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

117, Kazi Nazrul Islam Avenue, Unique Heights, Level-11, Ramna, Dhaka, BGD, 1217

Website

https://www.jmisyringe.com

JMI Syringes & Medical Devices Ltd is a Bangladesh-based syringe and medical device manufacturing company. It manufactures and markets disposable syringe, auto-disable syringe, needle, infusion set, scalp vein set, urine drainage bag, insulin syringe, First AID bandage, riles tube, IV Cannula, feeding tube, and Blood Lancets, and other products.

JMI Syringes & Medical Devices (DHA:JMISMDL) Headlines

No Headlines