Lakshmi Mills Co (BOM:502958) ROCE % : 1.83% (As of Sep. 2024)

View and export this data going back to 1991. Start your Free Trial

What is Lakshmi Mills 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. Lakshmi Mills Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.83%.

Lakshmi Mills Co ROCE % Historical Data

The historical data trend for Lakshmi Mills 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.

* Premium members only.

Lakshmi Mills Co ROCE % Chart

Lakshmi Mills Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

2.89

4.56

7.28

0.08

-1.05

Lakshmi Mills Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-	-	0.11	0.85	1.83

Lakshmi Mills Co ROCE % Calculation

Lakshmi Mills 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 )
	=	-90.8	/	( ( (8215.436 - 954.317)	+	(11168.569 - 1110.631) )	/ 2 )
	=	-90.8	/	( (7261.119	+	10057.938)	/ 2 )
	=	-90.8	/	8659.5285
	=	-1.05 %

Lakshmi Mills Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	214.896	/	( ( (0 - 0)	+	(12914.469 - 1195.096) )	/ 1 )
	=	214.896	/	( ( 0	+	11719.373 )	/ 1 )
	=	214.896	/	11719.373
	=	1.83 %

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

Lakshmi Mills Co (BOM:502958) 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.

Lakshmi Mills Co ROCE % Related Terms

Thank you for viewing the detailed overview of Lakshmi Mills Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Lakshmi Mills Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lakshmi Mills Co Ltd (BOM:502958) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

686, Avanashi Road, Post Box No. 6301, Pappanaickenpalayam, Coimbatore, TN, IND, 641 037

Website

https://www.lakshmimills.com

Lakshmi Mills Co Ltd is engaged in the manufacturing and trading of yarn. The company's operating segment includes Textiles and Rental services. It generates maximum revenue from the Textiles segment. Textiles segment consist of manufacturing and sale of yarn and trading in cloth and garments. It's Rental Services segment consist of letting out of properties. Geographically, it derives a majority of revenue from India.

Lakshmi Mills Co Headlines

No Headlines