E-Land Apparel (BOM:532820) ROCE % : 17.63% (As of Mar. 2024)

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What is E-Land Apparel 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. E-Land Apparel's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.63%.

E-Land Apparel ROCE % Historical Data

The historical data trend for E-Land Apparel'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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E-Land Apparel ROCE % Chart

E-Land Apparel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-8.60

-7.94

19.47

10.13

11.22

E-Land Apparel 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															7.58	20.09	7.46	0.01	17.63

E-Land Apparel ROCE % Calculation

E-Land Apparel'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 )
	=	140.948	/	( ( (1549.128 - 375.023)	+	(1774.759 - 437.194) )	/ 2 )
	=	140.948	/	( (1174.105	+	1337.565)	/ 2 )
	=	140.948	/	1255.835
	=	11.22 %

E-Land Apparel'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 )
	=	235.864	/	( ( (0 - 0)	+	(1774.759 - 437.194) )	/ 1 )
	=	235.864	/	( ( 0	+	1337.565 )	/ 1 )
	=	235.864	/	1337.565
	=	17.63 %

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

E-Land Apparel (BOM:532820) 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.

E-Land Apparel ROCE % Related Terms

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E-Land Apparel (BOM:532820) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » E-Land Apparel Ltd (BOM:532820) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Singasandra Near Dakshin Honda Showroom Hosur Road, No. 16/2B, Sri Vinayaka Indl Estate, Bengaluru, KA, IND, 560068

Website

https://elandapparel.com

E-Land Apparel Ltd is engaged in the business of manufacture and sale of garments. The company caters to both domestic and international markets. Its product portfolio includes Shirts, Tops, Skirts, Kids Wear, and others. It generate majority of the revenue from outside India.

E-Land Apparel (BOM:532820) Headlines

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