AFC Agro Biotech (DHA:AFCAGRO) ROCE %: 2.31% (As of Mar. 2023)


DHA:AFCAGRO AFC Agro Biotech Ltd DHA:AFCAGRO
10 GF Score
Price BDT8.30
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What is AFC Agro Biotech ROCE %?

AFC Agro Biotech DHA:AFCAGRO +1.22% 10 ROCE % is 2.31% as of Mar. 2023. GuruFocus rates DHA:AFCAGRO with a GF Score™ of 10/100.

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. AFC Agro Biotech's annualized ROCE % for the quarter that ended in Mar. 2023 was 2.31%.

AFC Agro Biotech  (DHA:AFCAGRO) 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.

AFC Agro Biotech ROCE % Related Terms

AFC Agro Biotech ROCE % Historical Data

* Premium members only.

The historical data trend for AFC Agro Biotech'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.

AFC Agro Biotech ROCE % Chart

AFC Agro Biotech Annual Data
Trend Dec13 Dec14 Jun15 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
ROCE %
Get a 7-Day Free Trial Premium Member Only 21.52 19.23 2.80 1.52 2.04

AFC Agro Biotech Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.18 -1.76 4.13 1.55 2.31
DHA:AFCAGRO
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AFC Agro Biotech Ltd DHA:AFCAGRO
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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AFC Agro Biotech ROCE % Calculation

AFC Agro Biotech's annualized ROCE % for the fiscal year that ended in Jun. 2022 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2022 )  (A: Jun. 2021 )(A: Jun. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2022 )  (A: Jun. 2021 )(A: Jun. 2022 )
=44.889/( ( (2325.841 - 234.49) + (2556.319 - 239.131) )/ 2 )
=44.889/( (2091.351+2317.188)/ 2 )
=44.889/2204.2695
=2.04 %

AFC Agro Biotech's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2023 )  (Q: Dec. 2022 )(Q: Mar. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2023 )  (Q: Dec. 2022 )(Q: Mar. 2023 )
=54.208/( ( (2579.183 - 236.186) + (2586.97 - 236.891) )/ 2 )
=54.208/( ( 2342.997 + 2350.079 )/ 2 )
=54.208/2346.538
=2.31 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 2.31% mean?
AFC Agro Biotech (DHA:AFCAGRO) has a ROCE % of 2.31% as of Mar. 2023.
Is AFC Agro Biotech's ROCE % too high?
AFC Agro Biotech's current ROCE % is 2.31%. The Drug Manufacturers industry median ROCE % is 7.03. AFC Agro Biotech's value of 2.31% is 67.1% below this industry median. Overall, AFC Agro Biotech has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does AFC Agro Biotech's ROCE % compare to ZTS and VTRS?
AFC Agro Biotech's ROCE % of 2.31% can be compared against companies in the Drug Manufacturers industry. The industry median ROCE % is 7.03. AFC Agro Biotech's value of 2.31% is 67.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Drug Manufacturers company?
The median ROCE % among Drug Manufacturers companies is 7.03, based on 956 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AFC Agro Biotech's current ROCE % of 2.31% is 67.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Drug Manufacturers industry, the median ROCE % is 7.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AFC Agro Biotech's current ROCE % is 2.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AFC Agro Biotech stock overvalued right now?
AFC Agro Biotech (DHA:AFCAGRO) has a current ROCE % of 2.31%. The current ROCE % is 2.31% and 67.1% below the Drug Manufacturers industry median of 7.03. AFC Agro Biotech's overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For AFC Agro Biotech (DHA:AFCAGRO), the current ROCE % is 2.31% as of Mar. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

AFC Agro Biotech Business Description

Address 214/D, Gulshan-Tejgaon Link Road, Navana Osman at Link, Dhaka, BGD, 1208
AFC Agro Biotech Ltd is a biotech products manufacturer. It is engaged in manufacturing biopharmaceuticals and biochemicals. It manufactures antibiotics, proteins, vaccines, enzymes from agricultural ingredients like molasses, glucose, potato starch, and other nutrients. The products manufactured by the company are macrolide protein, acetic acid, L-Lysine, monosodium glutamate, methionine, calcium hydrogen orthophosphate, magnesium carbonate, and sodium carbonate. It sells its products to the local markets in Bangladesh.
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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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