Riba Textiles (BOM:531952) ROCE % : 12.67% (As of Dec. 2023)

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What is Riba Textiles 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. Riba Textiles's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.67%.

Riba Textiles ROCE % Historical Data

The historical data trend for Riba Textiles'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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Riba Textiles ROCE % Chart

Riba Textiles Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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19.14

14.68

11.74

10.44

12.21

Riba Textiles 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															8.42	18.79	10.01	16.82	12.67

Riba Textiles ROCE % Calculation

Riba Textiles'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 )
	=	131.43	/	( ( (1589.992 - 528.727)	+	(1642.083 - 550.291) )	/ 2 )
	=	131.43	/	( (1061.265	+	1091.792)	/ 2 )
	=	131.43	/	1076.5285
	=	12.21 %

Riba Textiles'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 )
	=	138.412	/	( ( (1645.656 - 553.52)	+	(0 - 0) )	/ 1 )
	=	138.412	/	( ( 1092.136	+	0 )	/ 1 )
	=	138.412	/	1092.136
	=	12.67 %

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

Riba Textiles (BOM:531952) 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.

Riba Textiles ROCE % Related Terms

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Riba Textiles (BOM:531952) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Riba Textiles Ltd (BOM:531952) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Assandh Road, Kishore House, Panipat, HR, IND, 132103

Website

https://www.ribatextiles.com

Riba Textiles Ltd is engaged in manufacturing and export of terry towels. It produces bath towels, beach towels, and tufted bath mats. The company's product portfolio includes SPA towels, Yarn dyed towels, Plain dyed towels, Printed border towels, Embroidered towels, Bathrobes, Double jacquard towels, Weft insert rapier towels, Sublistatic printed towels, Yarn dyed and piece dyed tufted bath mats, and beach accessories.

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