Heidelberg Materials Bangladesh (DHA:HEIDELBCEM) ROCE % : 1.32% (As of Sep. 2024)

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What is Heidelberg Materials Bangladesh 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. Heidelberg Materials Bangladesh's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.32%.

Heidelberg Materials Bangladesh ROCE % Historical Data

The historical data trend for Heidelberg Materials Bangladesh'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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Heidelberg Materials Bangladesh ROCE % Chart

Heidelberg Materials Bangladesh Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.48

6.55

13.80

-0.05

25.01

Heidelberg Materials Bangladesh Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															5.33	17.08	51.54	3.07	1.32

Heidelberg Materials Bangladesh ROCE % Calculation

Heidelberg Materials Bangladesh'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 )
	=	1079.779	/	( ( (8779.795 - 4471.318)	+	(12621.995 - 8294.219) )	/ 2 )
	=	1079.779	/	( (4308.477	+	4327.776)	/ 2 )
	=	1079.779	/	4318.1265
	=	25.01 %

Heidelberg Materials Bangladesh's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	60.692	/	( ( (12747.678 - 8159.375)	+	(11124.13 - 6541.231) )	/ 2 )
	=	60.692	/	( ( 4588.303	+	4582.899 )	/ 2 )
	=	60.692	/	4585.601
	=	1.32 %

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

Heidelberg Materials Bangladesh (DHA:HEIDELBCEM) 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.

Heidelberg Materials Bangladesh ROCE % Related Terms

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Heidelberg Materials Bangladesh Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Heidelberg Materials Bangladesh PLC (DHA:HEIDELBCEM) » Definitions » ROCE %

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Address

Road No.142, Plot No. SE (F) 9, Symphony 6th Floor, South Avenue South, Gulshan -1, Dhaka, BGD, 1212

Website

https://www.heidelbergcementbd.com

Heidelberg Materials Bangladesh PLC is a producer of cement in Bangladesh. It offers Portland composite cement and ordinary Portland cement and Multi Purpose Cement under two brands namely "RubyCement" and "ScanCement. It is engaged in various projects such as Bijoy Sarani, Mohakhali Flyover, Lalon Shah (Pakshi) Bridge, Shah Amanat International Airport, Third Karnaphuli Bridge, Bahaddarhat Flyover, North-South University, Chittagong Port Flyover, Karnaphuli Water Supply Project, and many others.

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