Garment Mantra Lifestlye (BOM:539216) ROCE % : 15.18% (As of Sep. 2023)

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What is Garment Mantra Lifestlye 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. Garment Mantra Lifestlye's annualized ROCE % for the quarter that ended in Sep. 2023 was 15.18%.

Garment Mantra Lifestlye ROCE % Historical Data

The historical data trend for Garment Mantra Lifestlye'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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Garment Mantra Lifestlye ROCE % Chart

Garment Mantra Lifestlye Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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20.88

19.39

38.12

18.79

12.76

Garment Mantra Lifestlye Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															11.83	14.06	12.07	13.36	15.18

Garment Mantra Lifestlye ROCE % Calculation

Garment Mantra Lifestlye'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 )
	=	54.024	/	( ( (1011.221 - 566.105)	+	(997.252 - 595.274) )	/ 2 )
	=	54.024	/	( (445.116	+	401.978)	/ 2 )
	=	54.024	/	423.547
	=	12.76 %

Garment Mantra Lifestlye's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	59.524	/	( ( (0 - 0)	+	(911.588 - 519.397) )	/ 1 )
	=	59.524	/	( ( 0	+	392.191 )	/ 1 )
	=	59.524	/	392.191
	=	15.18 %

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

Garment Mantra Lifestlye (BOM:539216) 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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Garment Mantra Lifestlye (BOM:539216) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Garment Mantra Lifestlye Ltd (BOM:539216) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Karia Gounder Street, No. 15, Murthy’s Plaza, Khaderpet, Tirupur, TN, IND, 641601

Website

https://www.junctionfabrics.in

Garment Mantra Lifestlye Ltd is engaged in the business of garment manufacturing and selling of knitted fabric and garments. Geographically, it derives a majority of its revenue from the Domestic market. The products are manufactured for kids, men's, and women's wear. Some of its products are Polo T-Shirts, Round Neck T-Shirts, Sweatshirts, Nightwear, Leggings, Yoga wear, Girls Sleepwear, and others.

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