LWS Knitwear (BOM:531402) ROCE % : 7.25% (As of Dec. 2023)

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What is LWS Knitwear 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. LWS Knitwear's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.25%.

LWS Knitwear ROCE % Historical Data

The historical data trend for LWS Knitwear'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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LWS Knitwear ROCE % Chart

LWS Knitwear Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.91

2.88

3.62

5.50

6.70

LWS Knitwear 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															6.20	7.32	5.48	6.21	7.25

LWS Knitwear ROCE % Calculation

LWS Knitwear'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 )
	=	10.975	/	( ( (321.553 - 205.575)	+	(503.407 - 291.686) )	/ 2 )
	=	10.975	/	( (115.978	+	211.721)	/ 2 )
	=	10.975	/	163.8495
	=	6.70 %

LWS Knitwear'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 )
	=	18.284	/	( ( (538.317 - 286.216)	+	(0 - 0) )	/ 1 )
	=	18.284	/	( ( 252.101	+	0 )	/ 1 )
	=	18.284	/	252.101
	=	7.25 %

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

LWS Knitwear (BOM:531402) 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.

LWS Knitwear ROCE % Related Terms

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LWS Knitwear (BOM:531402) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » LWS Knitwear Ltd (BOM:531402) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

G.T. Road West, Near Chand Cinema, Jalandhar Bypass, Ludhiana, PB, IND, 141008

Website

https://www.lwsknitwear.com

LWS Knitwear Ltd is an India-based producer of woolen and acrylic garments. It is engaged in the manufacturing of hosiery goods/garments. The company manufactures summer products like Round Neck T-Shirt, Polo T-Shirt, School and Corporate T-Shirts and Track Pants. The winter wear products of the company include Cardigans, Pull Over Sweaters, Hoody Sweatshirts, and woolen mufflers.

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