Scarnose International (BOM:543537) ROCE % : -0.78% (As of Sep. 2023)

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What is Scarnose International 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. Scarnose International's annualized ROCE % for the quarter that ended in Sep. 2023 was -0.78%.

Scarnose International ROCE % Historical Data

The historical data trend for Scarnose International'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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Scarnose International ROCE % Chart

Scarnose International Annual Data

Trend

Mar20

Mar21

Mar22

ROCE %

92.82

30.93

20.58

Scarnose International Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			-	-	1.24	0.65	-0.78

Scarnose International ROCE % Calculation

Scarnose International's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	5.476	/	( ( (45.78 - 26.725)	+	(124.225 - 90.051) )	/ 2 )
	=	5.476	/	( (19.055	+	34.174)	/ 2 )
	=	5.476	/	26.6145
	=	20.58 %

Scarnose International's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-0.778	/	( ( (151.037 - 50.644)	+	(195.089 - 95.085) )	/ 2 )
	=	-0.778	/	( ( 100.393	+	100.004 )	/ 2 )
	=	-0.778	/	100.1985
	=	-0.78 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Scarnose International (BOM:543537) 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.

Scarnose International ROCE % Related Terms

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Scarnose International (BOM:543537) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Scarnose International Ltd (BOM:543537) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Off C. G. Road, 503, Sun Square, Nr Hotel Nest, Navrangpura, Ahmedabad, GJ, IND, 380006

Website

https://www.scarnose.com

Scarnose International Ltd manufactures and trades agricultural commodities such as cotton trading, garment manufacturing, yarn trading, and fabric trading. The companies product portfolio includes raw cotton, cotton bales, yarn and garments for ladies.

Scarnose International (BOM:543537) Headlines

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