Aananda Lakshmi Spinning Mills (BOM:539096) ROCE % : 188.58% (As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Aananda Lakshmi Spinning Mills 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. Aananda Lakshmi Spinning Mills's annualized ROCE % for the quarter that ended in Dec. 2023 was 188.58%.

Aananda Lakshmi Spinning Mills ROCE % Historical Data

The historical data trend for Aananda Lakshmi Spinning Mills'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.

* Premium members only.

Aananda Lakshmi Spinning Mills ROCE % Chart

Aananda Lakshmi Spinning Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

2,040.83

Aananda Lakshmi Spinning Mills 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															0.70	879.72	186.70	1.58	188.58

Aananda Lakshmi Spinning Mills ROCE % Calculation

Aananda Lakshmi Spinning Mills'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 )
	=	63.082	/	( ( (125.394 - 147.154)	+	(103.147 - 75.205) )	/ 2 )
	=	63.082	/	( (-21.76	+	27.942)	/ 2 )
	=	63.082	/	3.091
	=	2,040.83 %

Aananda Lakshmi Spinning Mills'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 )
	=	108.616	/	( ( (115.616 - 58.019)	+	(0 - 0) )	/ 1 )
	=	108.616	/	( ( 57.597	+	0 )	/ 1 )
	=	108.616	/	57.597
	=	188.58 %

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

Aananda Lakshmi Spinning Mills (BOM:539096) 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.

Aananda Lakshmi Spinning Mills ROCE % Related Terms

Thank you for viewing the detailed overview of Aananda Lakshmi Spinning Mills's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Aananda Lakshmi Spinning Mills (BOM:539096) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Aananda Lakshmi Spinning Mills Ltd (BOM:539096) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

105, Sardar Patel Road, Surya Towers, 6th Floor, Secunderabad, TG, IND, 500003

Website

http://www.aanandalakshmi.com

Aananda Lakshmi Spinning Mills Ltd manufactures and sells textile products in India. The company offers grey yarns, including Combed, Semi-Combed, and Carded for use in sportswear, innerwear, sweaters, socks, and casual wear. It also offers Speciality yarn which includes Melange Yarn, Grindle Yarn, Doubled Yarn, and Slub / Fancy Yarn. The company is also engaged in real estate activities.

Aananda Lakshmi Spinning Mills (BOM:539096) Headlines

No Headlines