Vippy Spinpro (BOM:514302) ROCE % : 17.75% (As of Mar. 2024)

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What is Vippy Spinpro 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. Vippy Spinpro's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.75%.

Vippy Spinpro ROCE % Historical Data

The historical data trend for Vippy Spinpro'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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Vippy Spinpro ROCE % Chart

Vippy Spinpro Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.72

12.00

29.75

18.50

8.57

Vippy Spinpro 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															2.83	3.57	6.29	6.97	17.75

Vippy Spinpro ROCE % Calculation

Vippy Spinpro'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 )
	=	87.795	/	( ( (1149.727 - 153.735)	+	(1477.705 - 424.958) )	/ 2 )
	=	87.795	/	( (995.992	+	1052.747)	/ 2 )
	=	87.795	/	1024.3695
	=	8.57 %

Vippy Spinpro'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 )
	=	186.892	/	( ( (0 - 0)	+	(1477.705 - 424.958) )	/ 1 )
	=	186.892	/	( ( 0	+	1052.747 )	/ 1 )
	=	186.892	/	1052.747
	=	17.75 %

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

Vippy Spinpro (BOM:514302) 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.

Vippy Spinpro ROCE % Related Terms

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Vippy Spinpro (BOM:514302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Vippy Spinpro Ltd (BOM:514302) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

570, M.G. Road, 414, City Centre, Indore, MP, IND, 452001

Website

https://www.vippyspinpro.com

Vippy Spinpro Ltd is engaged in the manufacturing of cotton yarn. The company specializes in slub yarns, fancy yarns, multi-count yarns, and multi twist yarns, waxed yarn plied yarn, and others. Its products are used in applications such as terry towels, bottom-weight, home furnishing, Bed linen, knitting, surgical cloth, artistic canvas, industrial fabric, sheeting, and Home textiles. It is also engaged in the generation of power through Wind Mill and Solar Panels for captive consumption.

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