Industria De Diseno Textil (XMAD:ITX) ROCE %

: 30.56% (As of Jan. 2024)

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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. Industria De Diseno Textil's annualized ROCE % for the quarter that ended in Jan. 2024 was 30.56%.

Industria De Diseno Textil ROCE % Historical Data

The historical data trend for Industria De Diseno Textil'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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Industria De Diseno Textil Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

25.88

7.43

21.04

25.73

31.29

Industria De Diseno Textil Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %																25.93	28.82	34.38	37.98	30.56

Industria De Diseno Textil ROCE % Calculation

Industria De Diseno Textil's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	7141	/	( ( (29983 - 8137)	+	(32735 - 8937) )	/ 2 )
	=	7141	/	( (21846	+	23798)	/ 2 )
	=	7141	/	22822
	=	31.29 %

Industria De Diseno Textil's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	7044	/	( ( (34094 - 11788)	+	(32735 - 8937) )	/ 2 )
	=	7044	/	( ( 22306	+	23798 )	/ 2 )
	=	7044	/	23052
	=	30.56 %

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

Industria De Diseno Textil (XMAD:ITX) 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.

Industria De Diseno Textil ROCE % Related Terms

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Industria De Diseno Textil (XMAD:ITX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Industria De Diseno Textil SA (XMAD:ITX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IDEXY:USA IDEXF:USA ITX:Mexico ITXe:UK 0QWI:UK IXD1:Germany

Address

Edificio Inditex, Avenida de la Diputación, Arteixo, ESP, 15142

Website

https://www.inditex.com

Inditex is a multibrand fashion conglomerate, founded in 1985. Zara is its flagship brand (including Zara Home), generating just over 70% of revenue and 75% of profits. Other brands include Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Uterque. The company operates through 5,800-plus stores globally, over 1,800 of them belonging to the Zara brand. Sixty-five percent of revenue is generated in the European home market, while the Americas and Asia contribute 20% and 14%, respectively. The company keeps design in house while mostly outsourcing manufacturing (own manufacturing constitutes only a low-single-digit percentage of output). Over 50% of sourcing factories are in proximity to the company's headquarters in Spain.

Industria De Diseno Textil (XMAD:ITX) Headlines

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