Banswara Syntex (BOM:503722) ROCE % : 10.94% (As of Mar. 2024)

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What is Banswara Syntex 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. Banswara Syntex's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.94%.

Banswara Syntex ROCE % Historical Data

The historical data trend for Banswara Syntex'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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Banswara Syntex ROCE % Chart

Banswara Syntex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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20.41

8.86

16.94

28.76

11.20

Banswara Syntex Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															28.10	11.83	11.65	10.90	10.94

Banswara Syntex ROCE % Calculation

Banswara Syntex's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	770.59	/	( ( (10685.755 - 4072.876)	+	(10700.211 - 3554.244) )	/ 2 )
	=	770.59	/	( (6612.879	+	7145.967)	/ 2 )
	=	770.59	/	6879.423
	=	11.20 %

Banswara Syntex's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	782.044	/	( ( (0 - 0)	+	(10700.211 - 3554.244) )	/ 1 )
	=	782.044	/	( ( 0	+	7145.967 )	/ 1 )
	=	782.044	/	7145.967
	=	10.94 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Banswara Syntex (BOM:503722) 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.

Banswara Syntex ROCE % Related Terms

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Banswara Syntex (BOM:503722) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Banswara Syntex Ltd (BOM:503722) » Definitions » ROCE %

Traded in Other Exchanges

BANSWRAS:India

Address

199, Princess Street, 4th/5th Floor, Gopal Bhawan, Mumbai, MH, IND, 400002

Website

https://www.banswarasyntex.com

Banswara Syntex Ltd operates in the textile industry. The core business of the company is the manufacturing and marketing of textile products. Its product offerings include spun synthetic blended yarn, wool, and wool mix yarn, spun synthetic and worsted fabrics, and cotton and linen fabrics besides readymade garments. The company also produces shirting and technical fabrics.

Banswara Syntex (BOM:503722) Headlines

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