Bhilwara Spinners (BOM:514272) ROCE % : 6.28% (As of Dec. 2023)

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What is Bhilwara 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. Bhilwara Spinners's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.28%.

Bhilwara Spinners ROCE % Historical Data

The historical data trend for Bhilwara 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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Bhilwara Spinners ROCE % Chart

Bhilwara Spinners Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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39.91

23.85

5.89

7.06

12.32

Bhilwara Spinners Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															29.27	4.57	2.05	12.33	6.28

Bhilwara Spinners ROCE % Calculation

Bhilwara Spinners's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	31.815	/	( ( (256.064 - 10.973)	+	(282.259 - 10.818) )	/ 2 )
	=	31.815	/	( (245.091	+	271.441)	/ 2 )
	=	31.815	/	258.266
	=	12.32 %

Bhilwara Spinners's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	17.572	/	( ( (672.883 - 393.135)	+	(0 - 0) )	/ 1 )
	=	17.572	/	( ( 279.748	+	0 )	/ 1 )
	=	17.572	/	279.748
	=	6.28 %

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

Bhilwara Spinners (BOM:514272) 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.

Bhilwara Spinners ROCE % Related Terms

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Bhilwara Spinners (BOM:514272) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bhilwara Spinners Ltd (BOM:514272) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

26, Industrial Area, Gandhi Nagar, Post Box Number 6, Bhilwara, RJ, IND, 311001

Website

http://www.lnjbhilwara.com

Bhilwara Spinners Ltd engages in the trading of yarns and fabrics in India. The company is engaged in the manufacture of cotton yarn, mercerized cotton yarn, synthetic blended yarn, hosiery yarn, and sewing threads in cotton and synthetics. It generates revenue through the sale of yarn, Cotton Seeds Lenters, and Guar Seeds.

Bhilwara Spinners (BOM:514272) Headlines

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