Swasti Vinayaka Synthetics (BOM:510245) ROCE % : 11.98% (As of Dec. 2023)

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What is Swasti Vinayaka Synthetics 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. Swasti Vinayaka Synthetics's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.98%.

Swasti Vinayaka Synthetics ROCE % Historical Data

The historical data trend for Swasti Vinayaka Synthetics'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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Swasti Vinayaka Synthetics ROCE % Chart

Swasti Vinayaka Synthetics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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24.12

13.25

13.89

12.59

13.77

Swasti Vinayaka Synthetics 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															9.99	23.60	10.47	9.02	11.98

Swasti Vinayaka Synthetics ROCE % Calculation

Swasti Vinayaka Synthetics'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 )
	=	30.865	/	( ( (292.97 - 78.967)	+	(353.23 - 118.936) )	/ 2 )
	=	30.865	/	( (214.003	+	234.294)	/ 2 )
	=	30.865	/	224.1485
	=	13.77 %

Swasti Vinayaka Synthetics'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 )
	=	35.148	/	( ( (376.458 - 83.106)	+	(0 - 0) )	/ 1 )
	=	35.148	/	( ( 293.352	+	0 )	/ 1 )
	=	35.148	/	293.352
	=	11.98 %

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

Swasti Vinayaka Synthetics (BOM:510245) 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.

Swasti Vinayaka Synthetics ROCE % Related Terms

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Swasti Vinayaka Synthetics (BOM:510245) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Swasti Vinayaka Synthetics Ltd (BOM:510245) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

J.R. Boricha Marg, 306, Tantia Jogani Industrial Estate, Next to Lodha Bellissimo, Lower Parel, Mumbai, MH, IND, 400 011

Website

http://www.swastivinayaka.com

Swasti Vinayaka Synthetics Ltd is a manufacturer of suiting, shirting, and apparels including cotton, cotton-blended, and linen designer shirting. The company has weaving facilities that comprise Somet Super Excel Looms, yarn doublers, and stitching facilities at its plants located at Tarapur and Palghar in Maharashtra. Its products are sold directly to retail chains, the readymade garment sector, garment exporters, and corporate houses. The company supplies salwar kameez and tunics and designs bridal and formal ethnic wear for its boutique. Its shirting fabrics comprising of cotton, linen, lycra, polyester, viscose, and their blends.

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