Gini Silk Mills (BOM:531744) ROCE % : 8.61% (As of Dec. 2023)

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What is Gini Silk 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. Gini Silk Mills's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.61%.

Gini Silk Mills ROCE % Historical Data

The historical data trend for Gini Silk 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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Gini Silk Mills ROCE % Chart

Gini Silk Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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4.24

5.56

-1.00

1.36

5.54

Gini Silk Mills 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															2.93	11.47	7.45	12.26	8.61

Gini Silk Mills ROCE % Calculation

Gini Silk Mills'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 )
	=	25.618	/	( ( (598.41 - 136.541)	+	(610.664 - 146.91) )	/ 2 )
	=	25.618	/	( (461.869	+	463.754)	/ 2 )
	=	25.618	/	462.8115
	=	5.54 %

Gini Silk Mills'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 )
	=	41.072	/	( ( (628.326 - 151.352)	+	(0 - 0) )	/ 1 )
	=	41.072	/	( ( 476.974	+	0 )	/ 1 )
	=	41.072	/	476.974
	=	8.61 %

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

Gini Silk Mills (BOM:531744) 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.

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Gini Silk Mills (BOM:531744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gini Silk Mills Ltd (BOM:531744) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

J. R. Boricha Marg, 413, Tantia Jogani Industrial Estate Premises, Opposite Kasturba Hospital, Sitaram Mill Compound, Lower Parel (East), Mumbai, MH, IND, 400011

Website

https://www.ginitex.com

Gini Silk Mills Ltd is engaged in the textile industry. It offers fabrics including cotton, linens, polyester viscose blends and cotton blends in plains, twills and dobby designs in different finishes. The company provides miniature boxes with combinations of pant and shirt pieces, safaris, and suit lengths for gifting purposes. The company generates the majority of its revenue from the sale of fabrics.

Gini Silk Mills (BOM:531744) Headlines

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