Rafhan Maize Product Co (KAR:RMPL) ROCE % : 46.92% (As of Mar. 2024)

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What is Rafhan Maize Product 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. Rafhan Maize Product Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 46.92%.

Rafhan Maize Product Co ROCE % Historical Data

The historical data trend for Rafhan Maize Product 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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Rafhan Maize Product Co ROCE % Chart

Rafhan Maize Product Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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52.62

52.07

52.92

54.72

55.32

Rafhan Maize Product 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															71.78	73.06	40.35	32.48	46.92

Rafhan Maize Product Co ROCE % Calculation

Rafhan Maize Product Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	12447.796	/	( ( (32718.591 - 12590.333)	+	(51287.503 - 26408.987) )	/ 2 )
	=	12447.796	/	( (20128.258	+	24878.516)	/ 2 )
	=	12447.796	/	22503.387
	=	55.32 %

Rafhan Maize Product 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 )
	=	12137.856	/	( ( (51287.503 - 26408.987)	+	(42854.041 - 15996.013) )	/ 2 )
	=	12137.856	/	( ( 24878.516	+	26858.028 )	/ 2 )
	=	12137.856	/	25868.272
	=	46.92 %

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

Rafhan Maize Product Co (KAR:RMPL) 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.

Rafhan Maize Product Co ROCE % Related Terms

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Rafhan Maize Product Co (KAR:RMPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rafhan Maize Product Co Ltd (KAR:RMPL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rakh Canal, East Road, P.O. Box 62, Faisalabad, PB, PAK, 38060

Website

https://rafhanmaize.com

Rafhan Maize Product Co Ltd is involved in the business of using maize as the basic raw material to manufacture and sell industrial products. The firm's major products are Industrial Starches, Liquid Glucose, Dextrose, Dextrin, and Gluten Meals. It supplies its products to textiles, pharmaceuticals, paper, food, baking, confectionery, and other industries. The company sells its products in Pakistan and also exports them to other countries, of which key revenue is derived within Pakistan.

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