Apex Spinning & Knitting Mills (DHA:APEXSPINN) ROCE % : 31.79% (As of Mar. 2024)

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What is Apex Spinning & Knitting Mills 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. Apex Spinning & Knitting Mills's annualized ROCE % for the quarter that ended in Mar. 2024 was 31.79%.

Apex Spinning & Knitting Mills ROCE % Historical Data

The historical data trend for Apex Spinning & Knitting Mills'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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Apex Spinning & Knitting Mills ROCE % Chart

Apex Spinning & Knitting Mills Annual Data

Trend

Mar14

Mar15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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12.77

6.59

11.31

11.57

20.09

Apex Spinning & Knitting Mills 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															32.94	21.62	17.82	31.52	31.79

Apex Spinning & Knitting Mills ROCE % Calculation

Apex Spinning & Knitting Mills'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 )
	=	104.955	/	( ( (1546.322 - 1055.92)	+	(2227.191 - 1672.908) )	/ 2 )
	=	104.955	/	( (490.402	+	554.283)	/ 2 )
	=	104.955	/	522.3425
	=	20.09 %

Apex Spinning & Knitting Mills'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 )
	=	170.788	/	( ( (2070.094 - 1537.206)	+	(2061.885 - 1520.431) )	/ 2 )
	=	170.788	/	( ( 532.888	+	541.454 )	/ 2 )
	=	170.788	/	537.171
	=	31.79 %

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

Apex Spinning & Knitting Mills (DHA:APEXSPINN) 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.

Apex Spinning & Knitting Mills ROCE % Related Terms

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Apex Spinning & Knitting Mills (DHA:APEXSPINN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Apex Spinning & Knitting Mills Ltd (DHA:APEXSPINN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

18 Gulshan Avenue, Shanta Skymark, 8th & 13th Floor, Gulshan, Dhaka, BGD, 1212

Website

https://www.apexknitting.com

Apex Spinning & Knitting Mills Ltd is a Bangladesh based company that operates as a manufacturer and exporter of all kinds of textiles knitted garments. The company is principally operating in manufacturing high-quality Knit-garments for infants, children, and womenswear using fabrics produced in-house.

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