Akshar Spintex (BOM:541303) ROCE % : 10.15% (As of Dec. 2023)

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What is Akshar Spintex 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. Akshar Spintex's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.15%.

Akshar Spintex ROCE % Historical Data

The historical data trend for Akshar Spintex'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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Akshar Spintex ROCE % Chart

Akshar Spintex Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.75

-2.90

4.40

22.19

-4.80

Akshar Spintex Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.75	16.57	12.74	12.98	10.15

Akshar Spintex ROCE % Calculation

Akshar Spintex'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 )
	=	-25.256	/	( ( (928.793 - 367.164)	+	(764.406 - 273.807) )	/ 2 )
	=	-25.256	/	( (561.629	+	490.599)	/ 2 )
	=	-25.256	/	526.114
	=	-4.80 %

Akshar Spintex'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 )
	=	50.452	/	( ( (749.508 - 252.275)	+	(0 - 0) )	/ 1 )
	=	50.452	/	( ( 497.233	+	0 )	/ 1 )
	=	50.452	/	497.233
	=	10.15 %

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

Akshar Spintex (BOM:541303) 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.

Akshar Spintex ROCE % Related Terms

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Akshar Spintex (BOM:541303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Akshar Spintex Ltd (BOM:541303) » Definitions » ROCE %

Traded in Other Exchanges

AKSHAR:India

Address

150 Feet Ring Road, C-704, The Imperial Heights, Opposite Big Bazaar, Rajkot, GJ, IND, 360005

Website

http://www.aksharspintex.in

Akshar Spintex Ltd is an India based company engaged in manufacturing textile products. The product portfolio of the company includes Natural Cotton, BCI Certified Cotton, Organic Certified Cotton, Viscose, Modal, Carded Cotton Yarn and Melange Yarn, among others.

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