Zenith Exports (BOM:512553) ROCE % : -1.36% (As of Mar. 2024)

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What is Zenith Exports 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. Zenith Exports's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.36%.

Zenith Exports ROCE % Historical Data

The historical data trend for Zenith Exports'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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Zenith Exports ROCE % Chart

Zenith Exports Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-0.88

-0.70

2.81

3.28

1.90

Zenith Exports Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.75	8.88	5.27	-0.34	-1.36

Zenith Exports ROCE % Calculation

Zenith Exports'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 )
	=	15.6	/	( ( (1000.1 - 185.1)	+	(959 - 135.9) )	/ 2 )
	=	15.6	/	( (815	+	823.1)	/ 2 )
	=	15.6	/	819.05
	=	1.90 %

Zenith Exports'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 )
	=	-11.2	/	( ( (0 - 0)	+	(959 - 135.9) )	/ 1 )
	=	-11.2	/	( ( 0	+	823.1 )	/ 1 )
	=	-11.2	/	823.1
	=	-1.36 %

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

Zenith Exports (BOM:512553) 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.

Zenith Exports ROCE % Related Terms

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Zenith Exports (BOM:512553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zenith Exports Ltd (BOM:512553) » Definitions » ROCE %

Traded in Other Exchanges

ZENITHEXPO:India

Address

19, R.N. Mukherjee Road, First Floor, Kolkata, WB, IND, 700001

Website

https://www.zenithexportslimited.com

Zenith Exports Ltd is an India-based company engaged in the business of spinning, dyeing, weaving, and finishing various kinds of fabrics. Its segment includes Trading Division, Weaving Division and Spinning Division.. The company's product consists of Leather hand gloves, Silk fabrics, and Cotton fabrics. In addition, it also designs and manufactures a range of silks, velvets, damasks, embroideries, weaves, and sheers.

Zenith Exports (BOM:512553) Headlines

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