Ready Made Clothes (IQS:IRMC) ROCE % : 0.00% (As of . 20)

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What is Ready Made Clothes 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. Ready Made Clothes's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Ready Made Clothes ROCE % Historical Data

The historical data trend for Ready Made Clothes'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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Ready Made Clothes ROCE % Chart

Ready Made Clothes Annual Data

Trend

ROCE %

Ready Made Clothes Quarterly Data

ROCE %

Ready Made Clothes ROCE % Calculation

Ready Made Clothes's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Ready Made Clothes's ROCE % of for the quarter that ended in . 20 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is four times the quarterly (. 20) EBIT data.

Ready Made Clothes (IQS:IRMC) 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.

Ready Made Clothes ROCE % Related Terms

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Ready Made Clothes (IQS:IRMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ready Made Clothes (IQS:IRMC) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Near MIB, Al-Mahmoudia, Baghdad, IRQ

Website

Ready Made Clothes manufactures cloth and accessories. The company markets its products throughout Iraq.

Ready Made Clothes (IQS:IRMC) Headlines

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