Delta Spinners (DHA:DELTASPINN) ROCE % : 1.60% (As of Mar. 2024)

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What is Delta Spinners 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. Delta Spinners's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.60%.

Delta Spinners ROCE % Historical Data

The historical data trend for Delta Spinners'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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Delta Spinners ROCE % Chart

Delta Spinners Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

ROCE %

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11.92

10.95

7.87

5.66

5.24

Delta Spinners Quarterly Data
	Dec17	Mar18	Sep18	Dec18	Mar19	Sep19	Dec19	Mar20	Sep20	Dec20	Mar21	Sep21	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															1.70	2.97	-0.06	0.04	1.60

Delta Spinners ROCE % Calculation

Delta Spinners's annualized ROCE % for the fiscal year that ended in Jun. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2017 )		(A: Jun. 2016 )		(A: Jun. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2017 )		(A: Jun. 2016 )		(A: Jun. 2017 )
	=	139.877	/	( ( (3551.437 - 887.569)	+	(3624.408 - 945.251) )	/ 2 )
	=	139.877	/	( (2663.868	+	2679.157)	/ 2 )
	=	139.877	/	2671.5125
	=	5.24 %

Delta Spinners'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 )
	=	44.376	/	( ( (3991.261 - 1209.586)	+	(3997.264 - 1232.256) )	/ 2 )
	=	44.376	/	( ( 2781.675	+	2765.008 )	/ 2 )
	=	44.376	/	2773.3415
	=	1.60 %

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

Delta Spinners (DHA:DELTASPINN) 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.

Delta Spinners ROCE % Related Terms

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Delta Spinners (DHA:DELTASPINN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Delta Spinners Ltd (DHA:DELTASPINN) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

254-B Khilgaon Chowdhury Para, Dhaka, BGD, 1219

Website

http://www.delta-spinners.com

Delta Spinners Ltd is Bangladesh based company and primarily engages in manufactures cotton yarn. The firm has a composite unit, having knitting, dyeing, finishing and sewing units under a single roof. The company is also involved in the making of jersey, sportswear, suits and other luxury clothing is on the rise in recent years and for this reason, demand for high-end yarns is also growing.

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