Bharat Textiles & Proofing Industries (BOM:531029) ROCE % : 10.57% (As of Dec. 2023)

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What is Bharat Textiles & Proofing 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. Bharat Textiles & Proofing Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.57%.

Bharat Textiles & Proofing Industries ROCE % Historical Data

The historical data trend for Bharat Textiles & Proofing 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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Bharat Textiles & Proofing Industries ROCE % Chart

Bharat Textiles & Proofing Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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13.42

12.62

17.61

10.76

10.45

Bharat Textiles & Proofing Industries 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															11.52	7.04	10.91	10.34	10.57

Bharat Textiles & Proofing Industries ROCE % Calculation

Bharat Textiles & Proofing Industries'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 )
	=	9.873	/	( ( (154.941 - 60.153)	+	(155.344 - 61.187) )	/ 2 )
	=	9.873	/	( (94.788	+	94.157)	/ 2 )
	=	9.873	/	94.4725
	=	10.45 %

Bharat Textiles & Proofing Industries'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 )
	=	10.148	/	( ( (151.673 - 55.621)	+	(0 - 0) )	/ 1 )
	=	10.148	/	( ( 96.052	+	0 )	/ 1 )
	=	10.148	/	96.052
	=	10.57 %

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

Bharat Textiles & Proofing Industries (BOM:531029) 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.

Bharat Textiles & Proofing Industries ROCE % Related Terms

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Bharat Textiles & Proofing Industries (BOM:531029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bharat Textiles & Proofing Industries Ltd (BOM:531029) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Old 43, New 64, Sattanna Naicken Street, Lane Adjacent to Natraj Theatre, Behind Angallamman Koil Backside, Choolai, Chennai, TN, IND, 600112

Website

https://www.bharatcanvas.com

Bharat Textiles & Proofing Industries Ltd is an India-based company. It is involved in the manufacturing and marketing of cotton canvas. It also manufactures tarpaulin. The company products include Truck Covers; Grey cotton canvas/duck; Polyester-Cotton, Chemically processed canvas; Waterproof, Rot proofed canvas; Fire Retardant Canvas; Army ducks and Number ducks; Relief Tents; Bags, Tents, Sleeping Bag Materials and others. It operates only in India.

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