H P Cotton Textile Mills (BOM:502873) ROCE % : 26.82% (As of Dec. 2024)

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What is H P Cotton Textile Mills 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. H P Cotton Textile Mills's annualized ROCE % for the quarter that ended in Dec. 2024 was 26.82%.

H P Cotton Textile Mills ROCE % Historical Data

The historical data trend for H P Cotton Textile Mills'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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H P Cotton Textile Mills ROCE % Chart

H P Cotton Textile Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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14.59

29.01

33.61

-38.48

5.64

H P Cotton Textile Mills Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															8.23	-27.38	25.11	45.84	26.82

H P Cotton Textile Mills ROCE % Calculation

H P Cotton Textile Mills'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 )
	=	16.053	/	( ( (923.156 - 626.073)	+	(884.14 - 611.721) )	/ 2 )
	=	16.053	/	( (297.083	+	272.419)	/ 2 )
	=	16.053	/	284.751
	=	5.64 %

H P Cotton Textile Mills's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	81.2	/	( ( (969.8 - 667)	+	(0 - 0) )	/ 1 )
	=	81.2	/	( ( 302.8	+	0 )	/ 1 )
	=	81.2	/	302.8
	=	26.82 %

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

H P Cotton Textile Mills (BOM:502873) 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.

H P Cotton Textile Mills ROCE % Related Terms

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H P Cotton Textile Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » H P Cotton Textile Mills Ltd (BOM:502873) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1 & 2, Old Ishwar Nagar, Mathura Road, F (0), The Mira Corporate Suites, New Delhi, IND, 110065

Website

https://www.hpthreads.com

H P Cotton Textile Mills Ltd manufactures cotton yarns and threads and is an exporter of cotton specialty yarns and cotton sewing threads. It manufactures two types of threads namely sewing threads and hosiery yarn. Its product portfolio includes Crocheta Crochet Threads, Peecock Hand Knitting Yarn, Embroidery Threads, Lace Threads, Patchwork and Quilting, Kite Flying Thread, Cotton Sewing Threads, and Mercerized Cotton RFD Threads. Geographically, the company generates sales both in India and internationally, with a vast majority of its revenue derived from sewing thread products exported to markets outside India.

H P Cotton Textile Mills Headlines

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