S Alam Cold Rolled Steels (DHA:SALAMCRST) ROCE % : 38.33% (As of Mar. 2024)

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What is S Alam Cold Rolled Steels 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. S Alam Cold Rolled Steels's annualized ROCE % for the quarter that ended in Mar. 2024 was 38.33%.

S Alam Cold Rolled Steels ROCE % Historical Data

The historical data trend for S Alam Cold Rolled Steels'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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S Alam Cold Rolled Steels ROCE % Chart

S Alam Cold Rolled Steels Annual Data

Trend

Sep13

Sep14

Sep15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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21.01

20.09

29.74

37.86

S Alam Cold Rolled Steels Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															55.64	22.88	36.57	38.32	38.33

S Alam Cold Rolled Steels ROCE % Calculation

S Alam Cold Rolled Steels'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 )
	=	823.798	/	( ( (15672.244 - 13489.777)	+	(20054.71 - 17885.074) )	/ 2 )
	=	823.798	/	( (2182.467	+	2169.636)	/ 2 )
	=	823.798	/	2176.0515
	=	37.86 %

S Alam Cold Rolled Steels's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	826.732	/	( ( (24409.313 - 22235.346)	+	(25457.299 - 23317.136) )	/ 2 )
	=	826.732	/	( ( 2173.967	+	2140.163 )	/ 2 )
	=	826.732	/	2157.065
	=	38.33 %

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

S Alam Cold Rolled Steels (DHA:SALAMCRST) 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.

S Alam Cold Rolled Steels ROCE % Related Terms

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S Alam Cold Rolled Steels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » S Alam Cold Rolled Steels Ltd (DHA:SALAMCRST) » Definitions » ROCE %

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Address

S. Alam Bhaban, Asadgonj, Chattogram, BGD, 2119

Website

https://www.s.alamgroupbd.com

S Alam Cold Rolled Steels Ltd is a steel manufacturing company. Its business activities include manufacturing and marketing cold rolled steel strips and galvanized steel sheets. The company has two business segments - the Cold Rolled Strips segment, which includes purchasing hot roll and manufacturing and distribution of cold-rolled strips; and the Non-Oxide Furnace segment which comprises purchasing cold-rolled strips and manufacturing and distribution of galvanized steel sheets.

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