Far East Knitting & Dyeing Industries (DHA:FEKDIL) ROCE % : 32.25% (As of Mar. 2024)

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What is Far East Knitting & Dyeing Industries 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. Far East Knitting & Dyeing Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 32.25%.

Far East Knitting & Dyeing Industries ROCE % Historical Data

The historical data trend for Far East Knitting & Dyeing Industries'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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Far East Knitting & Dyeing Industries ROCE % Chart

Far East Knitting & Dyeing Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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6.10

4.96

6.38

6.42

10.17

Far East Knitting & Dyeing Industries 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															14.91	12.30	1.22	-1.51	32.25

Far East Knitting & Dyeing Industries ROCE % Calculation

Far East Knitting & Dyeing Industries'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 )
	=	466.113	/	( ( (5845.737 - 1308.494)	+	(6163.464 - 1535.561) )	/ 2 )
	=	466.113	/	( (4537.243	+	4627.903)	/ 2 )
	=	466.113	/	4582.573
	=	10.17 %

Far East Knitting & Dyeing Industries'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 )
	=	1453.148	/	( ( (5710.664 - 1359.832)	+	(5977.079 - 1315.71) )	/ 2 )
	=	1453.148	/	( ( 4350.832	+	4661.369 )	/ 2 )
	=	1453.148	/	4506.1005
	=	32.25 %

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

Far East Knitting & Dyeing Industries (DHA:FEKDIL) 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.

Far East Knitting & Dyeing Industries ROCE % Related Terms

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Far East Knitting & Dyeing Industries (DHA:FEKDIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Far East Knitting & Dyeing Industries Ltd (DHA:FEKDIL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Moyeen Centre, House No. 9/B, Road No.3, Gulshan-1, Dhaka, BGD, 1212

Website

https://www.fareastknit.com

Far East Knitting & Dyeing Industries Ltd operates a readymade composite knit garments industrial unit of international standard to carry on the business of knitting, dyeing, designing, manufacturing & marketing of readymade garments to deal in foreign markets. The company operates in three segments Garmenting, Fabrics, and Dyeing.

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