Indian Card Clothing Co (BOM:509692) ROCE % : -0.55% (As of Mar. 2024)

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What is Indian Card Clothing Co 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. Indian Card Clothing Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.55%.

Indian Card Clothing Co ROCE % Historical Data

The historical data trend for Indian Card Clothing Co'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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Indian Card Clothing Co ROCE % Chart

Indian Card Clothing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-1.76

-0.11

114.98

2.20

3.58

Indian Card Clothing Co 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															2.19	3.84	10.29	0.63	-0.55

Indian Card Clothing Co ROCE % Calculation

Indian Card Clothing Co'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 )
	=	96.075	/	( ( (2813.367 - 178.343)	+	(2920.804 - 193.645) )	/ 2 )
	=	96.075	/	( (2635.024	+	2727.159)	/ 2 )
	=	96.075	/	2681.0915
	=	3.58 %

Indian Card Clothing Co'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 )
	=	-15.056	/	( ( (0 - 0)	+	(2920.804 - 193.645) )	/ 1 )
	=	-15.056	/	( ( 0	+	2727.159 )	/ 1 )
	=	-15.056	/	2727.159
	=	-0.55 %

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

Indian Card Clothing Co (BOM:509692) 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.

Indian Card Clothing Co ROCE % Related Terms

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Indian Card Clothing Co (BOM:509692) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Indian Card Clothing Co Ltd (BOM:509692) » Definitions » ROCE %

Traded in Other Exchanges

INDIANCARD:India

Address

Koregaon Park Annexe, 14th Floor, B Wing, AP-81, Mundhwa, Pune, MH, IND, 411036

Website

https://www.cardindia.com

Indian Card Clothing Co Ltd is a manufacturer of card clothing based in India. The company operates through two divisions: Card Clothing and Realty. It generates maximum revenue from the Card Clothing segment. Geographically, it sells its products in India and also exports them to other countries, from which the company derives a majority of its revenue from India. The company's product portfolio comprises Carding Solutions by Product Type which includes Cylinder Wires, Doffer Wires, Lickerin Wires, and Flat Tops. Carding Solutions by Material Type which includes Cotton and Synthetics, Woollen and Others, and Metallic Wires for Non-Woven and Carding solutions by application which includes Card clothing, Card room machinery, and Upgradation products.

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