Bizotic Commercial (BOM:543926) ROCE % : 12.24% (As of Mar. 2024)

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What is Bizotic Commercial 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. Bizotic Commercial's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.24%.

Bizotic Commercial ROCE % Historical Data

The historical data trend for Bizotic Commercial'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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Bizotic Commercial ROCE % Chart

Bizotic Commercial Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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23.43

17.36

18.06

85.87

8.46

Bizotic Commercial Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			-	-	-	5.50	12.24

Bizotic Commercial ROCE % Calculation

Bizotic Commercial'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 )
	=	47.091	/	( ( (0 - 0)	+	(775.904 - 219.375) )	/ 1 )
	=	47.091	/	( (0	+	556.529)	/ 1 )
	=	47.091	/	556.529
	=	8.46 %

Bizotic Commercial'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 )
	=	65.728	/	( ( (796.821 - 279.58)	+	(775.904 - 219.375) )	/ 2 )
	=	65.728	/	( ( 517.241	+	556.529 )	/ 2 )
	=	65.728	/	536.885
	=	12.24 %

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

Bizotic Commercial (BOM:543926) 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.

Bizotic Commercial ROCE % Related Terms

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Bizotic Commercial (BOM:543926) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bizotic Commercial Ltd (BOM:543926) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khokhra Circle, D-8, Samet Business Park, Near Parishkar, Khokhra, Ahmedabad, GJ, IND, 380008

Website

https://www.urbanunited.in

Bizotic Commercial Ltd manufactures, designs, and markets readymade garments, offering a diverse range of men's Formal Wear, Casual Wear, Party Wear, Fit Wear, Sports Wear, Comfort Wear, Ethnic Wear, and Winter Wear. It serves its customers through the channels of retail stores and e-commerce. its garment manufacturing process includes cutting, stitching, sewing, finishing, inspection, and packing. The company outsources the entire garments manufacturing on a job work basis from third-party contractors from time to time and provides the technical specifications such as designs, pattern, quality, fabric, etc. to them who, based on the specifications, procure the requisite raw materials at their costs and begin the manufacturing process.

Bizotic Commercial (BOM:543926) Headlines

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