Sri Nachammai Cotton Mills (BOM:521234) ROCE % : -5.83% (As of Dec. 2023)

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What is Sri Nachammai Cotton 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. Sri Nachammai Cotton Mills's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.83%.

Sri Nachammai Cotton Mills ROCE % Historical Data

The historical data trend for Sri Nachammai Cotton 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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Sri Nachammai Cotton Mills ROCE % Chart

Sri Nachammai Cotton Mills Annual Data

Trend

Jun14

Jun15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.71

8.35

8.71

17.19

-1.61

Sri Nachammai Cotton Mills 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															-10.36	-13.85	-2.43	-15.80	-5.83

Sri Nachammai Cotton Mills ROCE % Calculation

Sri Nachammai Cotton Mills'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 )
	=	-12.637	/	( ( (1332.085 - 536.936)	+	(1058.403 - 286.112) )	/ 2 )
	=	-12.637	/	( (795.149	+	772.291)	/ 2 )
	=	-12.637	/	783.72
	=	-1.61 %

Sri Nachammai Cotton Mills'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 )
	=	-37.412	/	( ( (869.262 - 227.325)	+	(0 - 0) )	/ 1 )
	=	-37.412	/	( ( 641.937	+	0 )	/ 1 )
	=	-37.412	/	641.937
	=	-5.83 %

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

Sri Nachammai Cotton Mills (BOM:521234) 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.

Sri Nachammai Cotton Mills ROCE % Related Terms

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Sri Nachammai Cotton Mills (BOM:521234) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sri Nachammai Cotton Mills Ltd (BOM:521234) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

4th Cross Street, Door No. 181, 'Vasantham', New Fairlands, Salem, TN, IND, 636016

Website

http://www.sncmindia.com

Sri Nachammai Cotton Mills Ltd is engaged in textile manufacturing. The company operates in one Textile business segment. It manufactures combed, carded, compact cotton hosiery, and hank yarn. The sale of yarn generates maximum revenue for the company.

Sri Nachammai Cotton Mills (BOM:521234) Headlines

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