Sanrhea Technical Textiles (BOM:514280) ROCE % : 37.89% (As of Dec. 2023)

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What is Sanrhea Technical Textiles 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. Sanrhea Technical Textiles's annualized ROCE % for the quarter that ended in Dec. 2023 was 37.89%.

Sanrhea Technical Textiles ROCE % Historical Data

The historical data trend for Sanrhea Technical Textiles'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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Sanrhea Technical Textiles ROCE % Chart

Sanrhea Technical Textiles Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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31.82

5.59

35.39

51.84

24.05

Sanrhea Technical Textiles 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															28.11	25.76	20.72	33.06	37.89

Sanrhea Technical Textiles ROCE % Calculation

Sanrhea Technical Textiles'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 )
	=	41.857	/	( ( (364.518 - 200.548)	+	(324.354 - 140.298) )	/ 2 )
	=	41.857	/	( (163.97	+	184.056)	/ 2 )
	=	41.857	/	174.013
	=	24.05 %

Sanrhea Technical Textiles'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 )
	=	76.348	/	( ( (332.023 - 130.534)	+	(0 - 0) )	/ 1 )
	=	76.348	/	( ( 201.489	+	0 )	/ 1 )
	=	76.348	/	201.489
	=	37.89 %

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

Sanrhea Technical Textiles (BOM:514280) 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.

Sanrhea Technical Textiles ROCE % Related Terms

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Sanrhea Technical Textiles (BOM:514280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sanrhea Technical Textiles Ltd (BOM:514280) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Dr. Ambedkar Road, Near G. E. B., District Gandhinagar, Kalol, GJ, IND, 382721

Website

https://www.sanrhea.com

Sanrhea Technical Textiles Ltd is engaged in the manufacturing of textiles. It earns revenue primarily from the sale of Conveyor Belting fabrics, Chafer fabrics for Tyres, Diaphragm fabrics for Auto industries, and Liners. The company caters to both domestic and international markets. The company has only one segment, which is Industrial fabrics. The company derives the majority of its revenue from the domestic markets.

Sanrhea Technical Textiles (BOM:514280) Headlines

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