TCNS Clothing Co (NSE:TCNSBRANDS) ROCE % : -35.87% (As of Mar. 2024)

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What is TCNS Clothing Co 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. TCNS Clothing Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -35.87%.

TCNS Clothing Co ROCE % Historical Data

The historical data trend for TCNS Clothing Co'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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TCNS Clothing Co ROCE % Chart

TCNS Clothing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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12.92

-4.33

3.19

2.04

-33.35

TCNS Clothing Co 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															-9.97	-13.25	-67.58	-16.60	-35.87

TCNS Clothing Co ROCE % Calculation

TCNS Clothing Co'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 )
	=	-2968.04	/	( ( (14862.78 - 4279.8)	+	(12846.69 - 5631.24) )	/ 2 )
	=	-2968.04	/	( (10582.98	+	7215.45)	/ 2 )
	=	-2968.04	/	8899.215
	=	-33.35 %

TCNS Clothing Co'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 )
	=	-2588.32	/	( ( (0 - 0)	+	(12846.69 - 5631.24) )	/ 1 )
	=	-2588.32	/	( ( 0	+	7215.45 )	/ 1 )
	=	-2588.32	/	7215.45
	=	-35.87 %

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

TCNS Clothing Co (NSE:TCNSBRANDS) 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.

TCNS Clothing Co ROCE % Related Terms

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TCNS Clothing Co (NSE:TCNSBRANDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » TCNS Clothing Co Ltd (NSE:TCNSBRANDS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

541700:India

Address

119 and 127, New Manglapuri, W House, Mandi Road, Neelagagan Towers, Sultanpur, Mehrauli, New Delhi, IND, 110030

Website

https://www.wforwoman.com

TCNS Clothing Co Ltd is engaged in designing, manufacturing, marketing, and retailing of women's apparel. The portfolio of products includes top wear, bottom wear, drapes, combination sets, and accessories that cater to everyday wear, casual wear, workwear, and occasion wear.

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