Active Fine Chemicals (DHA:ACTIVEFINE) ROCE % : 5.70% (As of Mar. 2023)

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What is Active Fine Chemicals 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. Active Fine Chemicals's annualized ROCE % for the quarter that ended in Mar. 2023 was 5.70%.

Active Fine Chemicals ROCE % Historical Data

The historical data trend for Active Fine Chemicals'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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Active Fine Chemicals ROCE % Chart

Active Fine Chemicals Annual Data

Trend

Dec13

Dec14

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

ROCE %

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17.08

16.98

2.79

5.52

5.90

Active Fine Chemicals Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															4.61	5.65	2.63	5.06	5.70

Active Fine Chemicals ROCE % Calculation

Active Fine Chemicals's annualized ROCE % for the fiscal year that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2022 )		(A: Jun. 2021 )		(A: Jun. 2022 )
	=	327.662	/	( ( (8749.046 - 3207.4)	+	(9078.941 - 3522.188) )	/ 2 )
	=	327.662	/	( (5541.646	+	5556.753)	/ 2 )
	=	327.662	/	5549.1995
	=	5.90 %

Active Fine Chemicals's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	316.312	/	( ( (9195.837 - 3631.121)	+	(9262.284 - 3728.365) )	/ 2 )
	=	316.312	/	( ( 5564.716	+	5533.919 )	/ 2 )
	=	316.312	/	5549.3175
	=	5.70 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

Active Fine Chemicals (DHA:ACTIVEFINE) 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.

Active Fine Chemicals ROCE % Related Terms

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Active Fine Chemicals (DHA:ACTIVEFINE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Active Fine Chemicals Ltd (DHA:ACTIVEFINE) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

House number 87-89, Road number 04, Block number B, Niketon, Gulshan-1, Dhaka, BGD, 1212

Website

https://www.afchem.com

Active Fine Chemicals Ltd is a Bangladesh based chemical company engaged in manufacturing active pharmaceutical ingredients and laboratory reagents. Its product offerings include azithromycin dihydrate, erythromycin ethyl succinate, erythromycin stearate, pantoprazole sodium sesquihydrate, venlafaxine HCL, sitagliptin phosphate monohydrate, and pregabalin. While it also manufactures laboratory reagents including HPLC Grade solvents, solvents, and powder reagents.

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