Ambika Cotton Mills (BOM:531978) ROCE % : 12.18% (As of Mar. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Ambika 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. Ambika Cotton Mills's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.18%.

Ambika Cotton Mills ROCE % Historical Data

The historical data trend for Ambika 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.

* Premium members only.

Ambika Cotton Mills ROCE % Chart

Ambika Cotton Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

15.00

17.05

36.49

19.92

12.06

Ambika 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															13.21	13.95	10.73	11.08	12.18

Ambika Cotton Mills ROCE % Calculation

Ambika 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 )
	=	1043.2	/	( ( (9802.693 - 1366.289)	+	(10694.7 - 1837.2) )	/ 2 )
	=	1043.2	/	( (8436.404	+	8857.5)	/ 2 )
	=	1043.2	/	8646.952
	=	12.06 %

Ambika 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 )
	=	1079.2	/	( ( (0 - 0)	+	(10694.7 - 1837.2) )	/ 1 )
	=	1079.2	/	( ( 0	+	8857.5 )	/ 1 )
	=	1079.2	/	8857.5
	=	12.18 %

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

Ambika Cotton Mills (BOM:531978) 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.

Ambika Cotton Mills ROCE % Related Terms

Thank you for viewing the detailed overview of Ambika Cotton Mills's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Ambika Cotton Mills (BOM:531978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ambika Cotton Mills Ltd (BOM:531978) » Definitions » ROCE %

Traded in Other Exchanges

AMBIKCO:India

Address

No. 9A, 15, Valluvar Street, Sivanandha Colony, Coimbatore, TN, IND, 641012

Website

http://www.acmills.in

Ambika Cotton Mills Ltd engages in the manufacture of cotton yarns for hosiery and weaving. The Textiles produces compact cotton; hard and soft twist; cylindrical dye cone; and s and z twist yarns. The Windmills generate power from windmills. Geographically, the company's business is spread across the world including Asia which accounts for the majority of its revenues.

Ambika Cotton Mills (BOM:531978) Headlines

No Headlines