Kohinoor Textile Mills (KAR:KTML) ROCE % : 24.99% (As of Mar. 2024)

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What is Kohinoor Textile Mills 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. Kohinoor Textile Mills's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.99%.

Kohinoor Textile Mills ROCE % Historical Data

The historical data trend for Kohinoor Textile Mills'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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Kohinoor Textile Mills ROCE % Chart

Kohinoor Textile Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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11.11

1.45

23.52

16.37

21.47

Kohinoor Textile Mills 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															21.33	17.92	25.44	32.50	24.99

Kohinoor Textile Mills ROCE % Calculation

Kohinoor Textile Mills'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 )
	=	19727.511	/	( ( (111995.423 - 27616.295)	+	(130540.631 - 31166.579) )	/ 2 )
	=	19727.511	/	( (84379.128	+	99374.052)	/ 2 )
	=	19727.511	/	91876.59
	=	21.47 %

Kohinoor Textile Mills'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 )
	=	26805.228	/	( ( (145670.049 - 40153.903)	+	(148314.952 - 39271.553) )	/ 2 )
	=	26805.228	/	( ( 105516.146	+	109043.399 )	/ 2 )
	=	26805.228	/	107279.7725
	=	24.99 %

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

Kohinoor Textile Mills (KAR:KTML) 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.

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Kohinoor Textile Mills (KAR:KTML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kohinoor Textile Mills Ltd (KAR:KTML) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

42-Lawrence Road, Lahore, PB, PAK, 54000

Website

http://www.kmlg.com

Kohinoor Textile Mills Ltd is a company engaged in the manufacturing of yarn and cloth, processing and stitching the cloth, and trade of textile products. It operates through six divisions which comprise Spinning, Weaving, Processing and Home Textile. It is engaged in the production of yarns from natural and artificial fibers and greige fabrics for the manufacture of printed and dyed fabrics and home textile articles. The company generates maximum revenue from the Spinning segment.

Kohinoor Textile Mills (KAR:KTML) Headlines

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