Square Textiles (DHA:SQUARETEXT) ROCE % : 21.39% (As of Dec. 2024)

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What is Square Textiles 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. Square Textiles's annualized ROCE % for the quarter that ended in Dec. 2024 was 21.39%.

Square Textiles ROCE % Historical Data

The historical data trend for Square Textiles'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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Square Textiles ROCE % Chart

Square Textiles Annual Data

Trend

Dec13

Dec14

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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6.31

12.67

25.06

16.97

18.06

Square Textiles Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															19.61	16.15	20.10	22.88	21.39

Square Textiles ROCE % Calculation

Square Textiles's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	2124.53	/	( ( (19209.962 - 9221.623)	+	(25096.238 - 11557.403) )	/ 2 )
	=	2124.53	/	( (9988.339	+	13538.835)	/ 2 )
	=	2124.53	/	11763.587
	=	18.06 %

Square Textiles's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	2967.564	/	( ( (25137.98 - 11416.607)	+	(26763.149 - 12731.049) )	/ 2 )
	=	2967.564	/	( ( 13721.373	+	14032.1 )	/ 2 )
	=	2967.564	/	13876.7365
	=	21.39 %

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

Square Textiles (DHA:SQUARETEXT) 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.

Square Textiles ROCE % Related Terms

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Square Textiles Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Square Textiles PLC (DHA:SQUARETEXT) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Sector - 7, Plot-107/A, Mascot Plaza, 11-12th Floor, Uttara, Dhaka, BGD, 1230

Website

https://textile.squaregroup.com

Square Textiles PLC is a textile company based in Bangladesh. It is engaged in developing, manufacturing, and marketing cotton yarn for human as well as industrial use. The company produces cotton yarn, polyester, organic yarn, bamboo yarn, and blended yarn mix of cotton, and polyester of different counts.

Square Textiles Headlines

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