Ashima (BOM:514286) ROCE % : 7.11% (As of Dec. 2023)

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What is Ashima 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. Ashima's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.11%.

Ashima ROCE % Historical Data

The historical data trend for Ashima'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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Ashima ROCE % Chart

Ashima Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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18.42

-0.30

1.90

11.99

-2.20

Ashima 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															-	-8.60	-1.77	-0.70	7.11

Ashima ROCE % Calculation

Ashima'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 )
	=	-54.4	/	( ( (3176.1 - 764.2)	+	(3201.8 - 671.3) )	/ 2 )
	=	-54.4	/	( (2411.9	+	2530.5)	/ 2 )
	=	-54.4	/	2471.2
	=	-2.20 %

Ashima'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 )
	=	208.4	/	( ( (4066.2 - 1136.4)	+	(0 - 0) )	/ 1 )
	=	208.4	/	( ( 2929.8	+	0 )	/ 1 )
	=	208.4	/	2929.8
	=	7.11 %

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

Ashima (BOM:514286) 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.

Ashima ROCE % Related Terms

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Ashima (BOM:514286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ashima Ltd (BOM:514286) » Definitions » ROCE %

Traded in Other Exchanges

ASHIMASYN:India

Address

Texcellence Complex, Near Anupam Cinema, Khokhara Mehmedabad, Ahmedabad, GJ, IND, 380021

Website

https://www.ashima.in

Ashima Ltd is a Textile Manufacturing company engaged in the manufacture of cotton fabric in India. It offers a range of cotton textile products, including denim, shirting, bottom weights, and interlinings. Its fabrics include Denim, Price dyed, and Fusible Interlinings. It offers various types of denim, including open-end denim, ring denim, slub denim, cross-hatch denim, stretch denim, and fashion denim. The firm sells its goods in the domestic market and also exports them to various countries. It operates in Textiles, Real Estate, Investment, and Others.

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