Suryalakshmi Cotton Mills (BOM:521200) ROCE % : 11.80% (As of Mar. 2024)

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What is Suryalakshmi Cotton Mills 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. Suryalakshmi Cotton Mills's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.80%.

Suryalakshmi Cotton Mills ROCE % Historical Data

The historical data trend for Suryalakshmi Cotton Mills'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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Suryalakshmi Cotton Mills ROCE % Chart

Suryalakshmi Cotton Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.96

7.18

18.00

11.65

9.94

Suryalakshmi Cotton Mills 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															8.78	9.68	8.78	9.64	11.80

Suryalakshmi Cotton Mills ROCE % Calculation

Suryalakshmi Cotton Mills'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 )
	=	361.821	/	( ( (6540.522 - 2981.549)	+	(7279.4 - 3556.847) )	/ 2 )
	=	361.821	/	( (3558.973	+	3722.553)	/ 2 )
	=	361.821	/	3640.763
	=	9.94 %

Suryalakshmi Cotton Mills'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 )
	=	439.152	/	( ( (0 - 0)	+	(7279.4 - 3556.847) )	/ 1 )
	=	439.152	/	( ( 0	+	3722.553 )	/ 1 )
	=	439.152	/	3722.553
	=	11.80 %

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

Suryalakshmi Cotton Mills (BOM:521200) 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.

Suryalakshmi Cotton Mills ROCE % Related Terms

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Suryalakshmi Cotton Mills (BOM:521200) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Suryalakshmi Cotton Mills Ltd (BOM:521200) » Definitions » ROCE %

Traded in Other Exchanges

SURYALAXMI:India

Address

105, Sardar Patel Road, 6th Floor, Surya Towers, Secunderabad, TG, IND, 500003

Website

http://www.suryalakshmi.com

Suryalakshmi Cotton Mills Ltd is an original denim manufacturer which has an integrated business model. The company operates in various business segments that include Spinning and Denim out of which the Spinning segment generates maximum revenue for the company.

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