Sapphire Fibres (KAR:SFL) ROCE % : 11.53% (As of Mar. 2024)

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What is Sapphire Fibres 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 Fibres's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.53%.

Sapphire Fibres ROCE % Historical Data

The historical data trend for Sapphire Fibres'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 Fibres ROCE % Chart

Sapphire Fibres Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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20.76

20.40

16.85

24.73

21.65

Sapphire Fibres 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															25.05	23.00	20.77	8.88	11.53

Sapphire Fibres ROCE % Calculation

Sapphire Fibres'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 )
	=	10941.157	/	( ( (73796.418 - 26246.922)	+	(76762.378 - 23230.658) )	/ 2 )
	=	10941.157	/	( (47549.496	+	53531.72)	/ 2 )
	=	10941.157	/	50540.608
	=	21.65 %

Sapphire Fibres'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 )
	=	6562.084	/	( ( (80306.14 - 23827.015)	+	(78843.507 - 21537.273) )	/ 2 )
	=	6562.084	/	( ( 56479.125	+	57306.234 )	/ 2 )
	=	6562.084	/	56892.6795
	=	11.53 %

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

Sapphire Fibres (KAR:SFL) 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 Fibres ROCE % Related Terms

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Sapphire Fibres (KAR:SFL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

73-E Main Jail Road, 1st Floor, Tricon Corporate Centre, Gulberg II, Lahore, PB, PAK

Website

https://www.sapphiretextiles.com.pk

Sapphire Fibres Ltd is engaged in the manufacturing and sale of yarn, fabrics, and garments. The company's operating segment includes Spinning; Knitting, processing and garments; Denim and Power.