Le Merite Exports (NSE:LEMERITE) ROCE % : 8.48% (As of Mar. 2024)

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What is Le Merite Exports 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. Le Merite Exports's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.48%.

Le Merite Exports ROCE % Historical Data

The historical data trend for Le Merite Exports'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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Le Merite Exports ROCE % Chart

Le Merite Exports Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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38.74

49.49

86.22

11.90

9.95

Le Merite Exports Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial				63.41	16.30	5.38	11.46	8.48

Le Merite Exports ROCE % Calculation

Le Merite Exports'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 )
	=	96.73	/	( ( (2020.211 - 1051.823)	+	(1982.179 - 1006.536) )	/ 2 )
	=	96.73	/	( (968.388	+	975.643)	/ 2 )
	=	96.73	/	972.0155
	=	9.95 %

Le Merite Exports'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	82.448	/	( ( (2196.633 - 1227.318)	+	(1982.179 - 1006.536) )	/ 2 )
	=	82.448	/	( ( 969.315	+	975.643 )	/ 2 )
	=	82.448	/	972.479
	=	8.48 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Le Merite Exports (NSE:LEMERITE) 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.

Le Merite Exports ROCE % Related Terms

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Le Merite Exports (NSE:LEMERITE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Le Merite Exports Ltd (NSE:LEMERITE) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1 st Floor, Chandivali Farm Road, B1-104D, Boomerang, Powai, Andheri- East, Mumbai, MH, IND, 400072

Website

https://www.lemeriteexports.com

Le Merite Exports Ltd is engaged in the manufacturing and trading of textile products namely cotton yarn, greige fabric, and finished fabric for domestic and export sales. The reportable segment for the Company is Textile Business.

Le Merite Exports (NSE:LEMERITE) Headlines

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