Bahrain Flour Mills Co (BAH:BFM) ROCE % : 9.24% (As of Mar. 2024)

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What is Bahrain Flour Mills 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. Bahrain Flour Mills Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.24%.

Bahrain Flour Mills Co ROCE % Historical Data

The historical data trend for Bahrain Flour Mills 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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Bahrain Flour Mills Co ROCE % Chart

Bahrain Flour Mills Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.86

5.53

17.25

5.74

9.76

Bahrain Flour Mills 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															8.94	15.48	1.18	14.42	9.24

Bahrain Flour Mills Co ROCE % Calculation

Bahrain Flour Mills 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 )
	=	2.681	/	( ( (37.223 - 10.703)	+	(35.549 - 7.122) )	/ 2 )
	=	2.681	/	( (26.52	+	28.427)	/ 2 )
	=	2.681	/	27.4735
	=	9.76 %

Bahrain Flour Mills 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 )
	=	2.64	/	( ( (35.549 - 7.122)	+	(39.268 - 10.563) )	/ 2 )
	=	2.64	/	( ( 28.427	+	28.705 )	/ 2 )
	=	2.64	/	28.566
	=	9.24 %

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

Bahrain Flour Mills Co (BAH:BFM) 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.

Bahrain Flour Mills Co ROCE % Related Terms

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Bahrain Flour Mills Co (BAH:BFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bahrain Flour Mills Co (BAH:BFM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building No. 1773, Road No. 4236, Block No. 342, P.O. Box 26787, Mina Salman, Manama, BHR

Website

https://www.bfm.bh

Bahrain Flour Mills Co is engaged in wheat grinding and flour marketing. The principal activities of the company include the import of wheat and the production of wheat flour and related products. It offers the product such as all-purpose flour, pizza flour, and dumpling mix with yeast, hab harees, jereesh, semolina, wheat bran and wheat germ. The company markets and sells its products to auto bakeries, hotels, restaurants, super- and hypermarkets.

Bahrain Flour Mills Co (BAH:BFM) Headlines

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