Aftab Automobiles (DHA:AFTABAUTO) ROCE % : -0.20% (As of Mar. 2024)

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What is Aftab Automobiles 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. Aftab Automobiles's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.20%.

Aftab Automobiles ROCE % Historical Data

The historical data trend for Aftab Automobiles'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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Aftab Automobiles ROCE % Chart

Aftab Automobiles Annual Data

Trend

Aug13

Aug14

Aug15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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6.17

4.58

2.20

1.43

1.44

Aftab Automobiles 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															1.32	1.45	0.26	0.94	-0.20

Aftab Automobiles ROCE % Calculation

Aftab Automobiles'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 )
	=	180.206	/	( ( (23782.429 - 13271.367)	+	(24907.219 - 10463.261) )	/ 2 )
	=	180.206	/	( (10511.062	+	14443.958)	/ 2 )
	=	180.206	/	12477.51
	=	1.44 %

Aftab Automobiles'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 )
	=	-29.716	/	( ( (24788.012 - 10280.625)	+	(25416.454 - 10900.674) )	/ 2 )
	=	-29.716	/	( ( 14507.387	+	14515.78 )	/ 2 )
	=	-29.716	/	14511.5835
	=	-0.20 %

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

Aftab Automobiles (DHA:AFTABAUTO) 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.

Aftab Automobiles ROCE % Related Terms

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Aftab Automobiles (DHA:AFTABAUTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aftab Automobiles Ltd (DHA:AFTABAUTO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

205-207, Tejgaon I/A, Dhaka, BGD

Website

https://www.aftabautomobiles.com

Aftab Automobiles Ltd is an assembler-cum-manufacturer of Toyota and Hino vehicles. The company is mainly a vehicle assembler and bus-body fabricator. The principal activities of the company were assembling Toyota Land Cruiser soft top/pick up, Land Cruiser Prado, Hino Bus, and Hino Mini Bus/Truck with a yearly production capacity of two thousand four hundred units of vehicles in three shifts. The company produces and markets batteries through its subsidiary. The company operates in three reportable segments assembling unit, motorcycle unit, and body unit. the company operates its's business in Bangladesh.

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