Sapphire Textile Mills (KAR:SAPT) ROCE % : 24.48% (As of Sep. 2024)

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What is Sapphire 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. Sapphire Textile Mills's annualized ROCE % for the quarter that ended in Sep. 2024 was 24.48%.

Sapphire Textile Mills ROCE % Historical Data

The historical data trend for Sapphire 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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Sapphire Textile Mills ROCE % Chart

Sapphire Textile Mills Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

ROCE %

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15.83

13.05

21.83

19.29

26.84

Sapphire Textile Mills Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															33.17	28.78	21.81	22.38	24.48

Sapphire Textile Mills ROCE % Calculation

Sapphire Textile Mills's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	34563.312	/	( ( (171509.888 - 47903.92)	+	(185169.978 - 51204.096) )	/ 2 )
	=	34563.312	/	( (123605.968	+	133965.882)	/ 2 )
	=	34563.312	/	128785.925
	=	26.84 %

Sapphire Textile Mills's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	32882.964	/	( ( (185169.978 - 51204.096)	+	(188041.911 - 53359.57) )	/ 2 )
	=	32882.964	/	( ( 133965.882	+	134682.341 )	/ 2 )
	=	32882.964	/	134324.1115
	=	24.48 %

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

Sapphire Textile Mills (KAR:SAPT) 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.

Sapphire Textile Mills ROCE % Related Terms

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Sapphire Textile Mills Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

I. I. Chundrigar Road, 212, Cotton Exchange Building, Karachi, SD, PAK

Website

https://www.sapphire.com.pk/stml

Sapphire Textile Mills Ltd is the company mainly involved in the manufacturing and sale of yarn, fabrics, home textile products, finishing and printing of fabrics. Its segments include Spinning, Weaving, Processing, printing, Home Textile Products, Textile Retail, Stitching and Power Generation. Geographically, it generates the majority of the revenue from the domestic market.

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