Hindoostan Mills (BOM:509895) ROCE % : 6.12% (As of Mar. 2024)

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What is Hindoostan 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. Hindoostan Mills's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.12%.

Hindoostan Mills ROCE % Historical Data

The historical data trend for Hindoostan 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.

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Hindoostan Mills ROCE % Chart

Hindoostan Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-6.62

13.71

-0.78

-10.37

2.87

Hindoostan Mills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-1.41	-3.21	-0.21	8.87	6.12

Hindoostan Mills ROCE % Calculation

Hindoostan Mills'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 )
	=	16.904	/	( ( (758.501 - 177.916)	+	(751.115 - 154.967) )	/ 2 )
	=	16.904	/	( (580.585	+	596.148)	/ 2 )
	=	16.904	/	588.3665
	=	2.87 %

Hindoostan Mills'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	36.496	/	( ( (0 - 0)	+	(751.115 - 154.967) )	/ 1 )
	=	36.496	/	( ( 0	+	596.148 )	/ 1 )
	=	36.496	/	596.148
	=	6.12 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Hindoostan Mills (BOM:509895) 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.

Hindoostan Mills ROCE % Related Terms

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Hindoostan Mills (BOM:509895) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hindoostan Mills Ltd (BOM:509895) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Dr. Annie Besant Road, Shivsagar Estate, D Block, 8th Floor, Worli, Mumbai, MH, IND, 400018

Website

https://www.hindoostan.com

Hindoostan Mills Ltd is engaged in the business of Manufacture and Sale of Fabric and Yarn and Refiling of Elastic Calendar Bowls. The business segments of the company are Textile and Engineering, of which the majority of the revenue is derived from the textile segment. It operates in India and internationally of which key revenue is generated in India.

Hindoostan Mills (BOM:509895) Headlines

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