International Steels (KAR:ISL) ROCE % : 15.92% (As of Mar. 2024)

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What is International 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. International Steels's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.92%.

International Steels ROCE % Historical Data

The historical data trend for International 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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International Steels ROCE % Chart

International Steels Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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23.71

12.76

49.28

35.27

28.35

International 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															41.80	51.92	31.57	30.16	15.92

International Steels ROCE % Calculation

International 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 )
	=	7326.143	/	( ( (55905.056 - 29213.103)	+	(42391.582 - 17406.612) )	/ 2 )
	=	7326.143	/	( (26691.953	+	24984.97)	/ 2 )
	=	7326.143	/	25838.4615
	=	28.35 %

International 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 )
	=	4073.632	/	( ( (44325.455 - 18467.707)	+	(45356.998 - 20022.401) )	/ 2 )
	=	4073.632	/	( ( 25857.748	+	25334.597 )	/ 2 )
	=	4073.632	/	25596.1725
	=	15.92 %

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

International Steels (KAR:ISL) 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.

International Steels ROCE % Related Terms

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International Steels (KAR:ISL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » International Steels Ltd (KAR:ISL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Beaumont Road, 101 Beaumont Plaza, Civil Lines, Karachi, SD, PAK, 75530

Website

https://www.isl.com.pk

International Steels Ltd manufactures steel products. The company produces cold-rolled, sheet, and hot-dipped galvanized sheet steels. It serves industries like construction, appliances, automotive, agricultural implements, and packaging. Geographically, it derives a majority of revenue from Domestic sales.

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