Nandani Creation (NSE:EQJAIPURKURT) ROCE % : 1.17% (As of Mar. 2023)

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What is Nandani Creation 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. Nandani Creation's annualized ROCE % for the quarter that ended in Mar. 2023 was 1.17%.

Nandani Creation ROCE % Historical Data

The historical data trend for Nandani Creation'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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Nandani Creation ROCE % Chart

Nandani Creation Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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22.52

19.19

22.25

9.66

8.20

Nandani Creation Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
ROCE %	Get a 7-Day Free Trial												33.82	34.29	-12.57	16.93	1.17

Nandani Creation ROCE % Calculation

Nandani Creation'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 )
	=	24.317	/	( ( (428.655 - 187.217)	+	(481.464 - 129.899) )	/ 2 )
	=	24.317	/	( (241.438	+	351.565)	/ 2 )
	=	24.317	/	296.5015
	=	8.20 %

Nandani Creation's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	3.746	/	( ( (511.642 - 222.893)	+	(481.464 - 129.899) )	/ 2 )
	=	3.746	/	( ( 288.749	+	351.565 )	/ 2 )
	=	3.746	/	320.157
	=	1.17 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2023) EBIT data.

Nandani Creation (NSE:EQJAIPURKURT) 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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Nandani Creation (NSE:EQJAIPURKURT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nandani Creation Ltd (NSE:EQJAIPURKURT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

G-13, Kartarpura Industrial Area, Near 22 Godam, Jaipur, RJ, IND, 302006

Website

https://www.nandanicreation.com

Nandani Creation Ltd is engaged in Manufacturing, produced, import, export, wholesalers, trader, buyer, seller, job workers of dress materials, suits, sarees, and garments for men, women, and children including sportswear, activewear, daily wear, fashion wears, party wears wearing apparels purses, belts, wallets, and other allied good made from cotton, silk, synthetics, jute, velvet, woolen, leather, rexine. The company sells its products through its Website, jaipurkurti.com, and online portals to consumers and retail users. It derives the majority of its income from India.

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