Oriental Weavers Carpet Co (CAI:ORWE) ROCE % : 24.21% (As of Jun. 2024)

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What is Oriental Weavers Carpet Co 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. Oriental Weavers Carpet Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 24.21%.

Oriental Weavers Carpet Co ROCE % Historical Data

The historical data trend for Oriental Weavers Carpet Co'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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Oriental Weavers Carpet Co ROCE % Chart

Oriental Weavers Carpet Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.14

16.95

18.42

13.71

18.80

Oriental Weavers Carpet Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															13.58	23.39	18.21	19.59	24.21

Oriental Weavers Carpet Co ROCE % Calculation

Oriental Weavers Carpet Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	2544.98	/	( ( (19175.134 - 7069.702)	+	(23107.992 - 8142.772) )	/ 2 )
	=	2544.98	/	( (12105.432	+	14965.22)	/ 2 )
	=	2544.98	/	13535.326
	=	18.80 %

Oriental Weavers Carpet Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	4852.24	/	( ( (31047.251 - 10951.984)	+	(31689.768 - 11699.728) )	/ 2 )
	=	4852.24	/	( ( 20095.267	+	19990.04 )	/ 2 )
	=	4852.24	/	20042.6535
	=	24.21 %

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

Oriental Weavers Carpet Co (CAI:ORWE) 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.

Oriental Weavers Carpet Co ROCE % Related Terms

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Oriental Weavers Carpet Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Oriental Weavers Carpet Co (CAI:ORWE) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Cairo-Ismailia Road, 10th OF Ramadan City Industrial Area A1, Cairo, EGY

Website

https://www.orientalweavers.com

Oriental Weavers Carpet Co is principally engaged in the production and sale of machine-woven carpets and rugs for the residential, commercial, and hospitality industries. The company offers various lines of area rugs, as well as manufactures woven goblins, door, and kitchen rugs, rubber-backed bathroom mats, multilevel textured mats for outdoor applications, and tapestries. The firm also produces custom-made rugs and carpets, contracts to fulfill the carpeting needs of homes, hotels, and offices, and provides related carpet care services. The segments of the group are Woven, where the majority of revenue is derived, Tufted, and Non-woven. In addition to sales made within the country, the company also exports its products to Europe, Africa, America and Canada, Asia, and Arab countries.

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