Cherat Cement Co (KAR:CHCC) ROCE % : 39.20% (As of Dec. 2023)

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What is Cherat Cement 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. Cherat Cement Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 39.20%.

Cherat Cement Co ROCE % Historical Data

The historical data trend for Cherat Cement 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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Cherat Cement Co ROCE % Chart

Cherat Cement Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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7.78

-0.78

21.62

29.26

30.57

Cherat Cement Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															35.25	28.86	20.27	33.88	39.20

Cherat Cement Co ROCE % Calculation

Cherat Cement Co'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 )
	=	9153.885	/	( ( (38604.886 - 9847.247)	+	(39302.286 - 8169.362) )	/ 2 )
	=	9153.885	/	( (28757.639	+	31132.924)	/ 2 )
	=	9153.885	/	29945.2815
	=	30.57 %

Cherat Cement Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	12874.828	/	( ( (41138.135 - 8387.248)	+	(42092.497 - 9148.592) )	/ 2 )
	=	12874.828	/	( ( 32750.887	+	32943.905 )	/ 2 )
	=	12874.828	/	32847.396
	=	39.20 %

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

Cherat Cement Co (KAR:CHCC) 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.

Cherat Cement Co ROCE % Related Terms

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Cherat Cement Co (KAR:CHCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cherat Cement Co Ltd (KAR:CHCC) » Definitions » ROCE %

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N/A

Address

Beaumont Road, Modern Motors House, Karachi, SD, PAK, 75530

Website

https://www.gfg.com.pk

Cherat Cement Co Ltd is a Pakistan-based company engaged in manufacturing, marketing and sale of Ordinary Portland Cement. The company operates in one operating segment namely manufacturing, marketing, and sale of cement. The plant of the company is located at Village Lakrai, District Nowshera, Khyber Pakhtunkhwa (KPK) province.

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