Garware Hi-Tech Films (BOM:500655) ROCE % : 15.01% (As of Dec. 2023)

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What is Garware Hi-Tech Films 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. Garware Hi-Tech Films's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.01%.

Garware Hi-Tech Films ROCE % Historical Data

The historical data trend for Garware Hi-Tech Films'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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Garware Hi-Tech Films ROCE % Chart

Garware Hi-Tech Films Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.23

9.89

12.72

13.74

12.08

Garware Hi-Tech Films 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															9.19	11.40	12.73	12.90	15.01

Garware Hi-Tech Films ROCE % Calculation

Garware Hi-Tech Films'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 )
	=	2324.86	/	( ( (21331.804 - 2608.859)	+	(22143.449 - 2376.379) )	/ 2 )
	=	2324.86	/	( (18722.945	+	19767.07)	/ 2 )
	=	2324.86	/	19245.0075
	=	12.08 %

Garware Hi-Tech Films'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 )
	=	2993.6	/	( ( (22122.9 - 2180.7)	+	(0 - 0) )	/ 1 )
	=	2993.6	/	( ( 19942.2	+	0 )	/ 1 )
	=	2993.6	/	19942.2
	=	15.01 %

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

Garware Hi-Tech Films (BOM:500655) 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.

Garware Hi-Tech Films ROCE % Related Terms

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Garware Hi-Tech Films (BOM:500655) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Garware Hi-Tech Films Ltd (BOM:500655) » Definitions » ROCE %

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GRWRHITECH:India

Address

50 - A, Swami Nityanand Marg, Garware House, Vile Parle (East), Mumbai, MH, IND, 400 057

Website

https://www.garwarepoly.com

Garware Hi-Tech Films Ltd is engaged in the business of manufacturing of Polyester Films. Geographically, it derives a majority of revenue from India. The company manufactures Bi-axially Oriented Polyethylene Terephthalate (BOPET)/Polyester Films, Sun Control Films, Thermal Lamination Films, and Specialty Polyester Films. It also manufactures premium grade heat rejection films based on the latest IR Rejection Technology. These products are used in packaging, electrical and motor and cable insulations, shrink film for label application, colored polyester films for window tint application, sequin, and safety. Geographically, it derives a majority of revenue from the Rest of the world.

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