Indus Dyeing & Manufacturing Co (KAR:IDYM) ROCE % : 8.11% (As of Mar. 2024)

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What is Indus Dyeing & Manufacturing 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. Indus Dyeing & Manufacturing Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.11%.

Indus Dyeing & Manufacturing Co ROCE % Historical Data

The historical data trend for Indus Dyeing & Manufacturing 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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Indus Dyeing & Manufacturing Co ROCE % Chart

Indus Dyeing & Manufacturing Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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18.78

10.58

18.83

28.88

12.52

Indus Dyeing & Manufacturing Co 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															9.42	20.31	20.29	12.28	8.11

Indus Dyeing & Manufacturing Co ROCE % Calculation

Indus Dyeing & Manufacturing 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 )
	=	6540.209	/	( ( (71421.151 - 21333.911)	+	(83986.945 - 29605.324) )	/ 2 )
	=	6540.209	/	( (50087.24	+	54381.621)	/ 2 )
	=	6540.209	/	52234.4305
	=	12.52 %

Indus Dyeing & Manufacturing Co'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 )
	=	4419.416	/	( ( (85945.219 - 31279.361)	+	(87442.325 - 33132.158) )	/ 2 )
	=	4419.416	/	( ( 54665.858	+	54310.167 )	/ 2 )
	=	4419.416	/	54488.0125
	=	8.11 %

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

Indus Dyeing & Manufacturing Co (KAR:IDYM) 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.

Indus Dyeing & Manufacturing Co ROCE % Related Terms

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Indus Dyeing & Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Indus Dyeing & Manufacturing Co Ltd (KAR:IDYM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beaumont Road, Civil Lines Quarters, Office No. 508, 5th Floor, Beaumont Plaza, Karachi, SD, PAK, 75530

Website

https://www.indus-group.com

Indus Dyeing & Manufacturing Co Ltd is engaged in the textile industry. The company's core business is the manufacturing and sale of yarn. It has five yarn manufacturing units located in Hyderabad, Karachi, and Muzaffargarh, Faisalabad and Lahore. It manufactures a variety of ring-spun yarns. Its products include regular carded and combed yarns, siro yarn, melange, core-spun yarns, slub, zero twist, bamboo/cotton blends, and compact yarn among others.

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