Ludlow Jute & Specialities (BOM:526179) ROCE % : -2.24% (As of Dec. 2023)

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What is Ludlow Jute & Specialities 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. Ludlow Jute & Specialities's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.24%.

Ludlow Jute & Specialities ROCE % Historical Data

The historical data trend for Ludlow Jute & Specialities'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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Ludlow Jute & Specialities ROCE % Chart

Ludlow Jute & Specialities Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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4.27

7.02

3.72

11.11

4.42

Ludlow Jute & Specialities 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															6.65	1.63	-0.90	-1.43	-2.24

Ludlow Jute & Specialities ROCE % Calculation

Ludlow Jute & Specialities'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 )
	=	90.814	/	( ( (3314.642 - 1342.911)	+	(3672.615 - 1536.571) )	/ 2 )
	=	90.814	/	( (1971.731	+	2136.044)	/ 2 )
	=	90.814	/	2053.8875
	=	4.42 %

Ludlow Jute & Specialities'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 )
	=	-45.6	/	( ( (3461.7 - 1425)	+	(0 - 0) )	/ 1 )
	=	-45.6	/	( ( 2036.7	+	0 )	/ 1 )
	=	-45.6	/	2036.7
	=	-2.24 %

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

Ludlow Jute & Specialities (BOM:526179) 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.

Ludlow Jute & Specialities ROCE % Related Terms

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Ludlow Jute & Specialities (BOM:526179) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ludlow Jute & Specialities Ltd (BOM:526179) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

23C, Ashutosh Chowdhury Avenue, KCI Plaza, 4th Floor, Kolkata, WB, IND, 700 019

Website

https://www.ludlowjute.com

Ludlow Jute & Specialities Ltd is an India-based company, which offers jute goods. The company operates in the segment of manufacturing and sale of Jute Goods. It offers products such as Jute yarn, Hessian cloth, and Food grade bags; Jute geotextiles, such as Soil saver (Jute mesh), woven and nonwoven, and diversified products, such as Jute felt/nonwoven, Jute canvas, Leno/scrim cloth, and Decorative hessian fabric. The company primarily operates in India. It also offers its products in the Overseas market.

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