Aarnav Fashions (BOM:539562) ROCE % : 8.49% (As of Dec. 2023)

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What is Aarnav Fashions 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. Aarnav Fashions's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.49%.

Aarnav Fashions ROCE % Historical Data

The historical data trend for Aarnav Fashions'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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Aarnav Fashions ROCE % Chart

Aarnav Fashions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.30

24.98

9.72

9.28

4.59

Aarnav Fashions 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															6.63	-8.46	6.03	9.05	8.49

Aarnav Fashions ROCE % Calculation

Aarnav Fashions'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 )
	=	114.01	/	( ( (4859.676 - 2224.096)	+	(4186.745 - 1855.991) )	/ 2 )
	=	114.01	/	( (2635.58	+	2330.754)	/ 2 )
	=	114.01	/	2483.167
	=	4.59 %

Aarnav Fashions'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 )
	=	196.6	/	( ( (4195.629 - 1881.266)	+	(0 - 0) )	/ 1 )
	=	196.6	/	( ( 2314.363	+	0 )	/ 1 )
	=	196.6	/	2314.363
	=	8.49 %

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

Aarnav Fashions (BOM:539562) 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.

Aarnav Fashions ROCE % Related Terms

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Aarnav Fashions (BOM:539562) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Aarnav Fashions Ltd (BOM:539562) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Survey No. 302 / 303, Narol - Vatva Road, Narol, Ahmedabad, GJ, IND, 382405

Website

https://www.aarnavgroup.com

Aarnav Fashions Ltd is an India-based company. It has an interest in investment and financial services. It operates through two business segments that are Financial services; and Trading. The business of financing includes trading commodities, shares, and securities. The trading business, which generates maximum revenue for the company, is involved in the trading of textiles. Geographically the company offers its service only to the Indian market.

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