Reliance Chemotex Industries (BOM:503162) ROCE % : 8.28% (As of Mar. 2024)

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What is Reliance Chemotex Industries 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. Reliance Chemotex Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.28%.

Reliance Chemotex Industries ROCE % Historical Data

The historical data trend for Reliance Chemotex Industries'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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Reliance Chemotex Industries ROCE % Chart

Reliance Chemotex Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.65

10.58

19.69

14.24

9.18

Reliance Chemotex Industries 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															13.24	13.06	7.21	8.03	8.28

Reliance Chemotex Industries ROCE % Calculation

Reliance Chemotex Industries'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 )
	=	251.929	/	( ( (3969.612 - 1654.404)	+	(4810.26 - 1638.511) )	/ 2 )
	=	251.929	/	( (2315.208	+	3171.749)	/ 2 )
	=	251.929	/	2743.4785
	=	9.18 %

Reliance Chemotex Industries'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 )
	=	262.776	/	( ( (0 - 0)	+	(4810.26 - 1638.511) )	/ 1 )
	=	262.776	/	( ( 0	+	3171.749 )	/ 1 )
	=	262.776	/	3171.749
	=	8.28 %

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

Reliance Chemotex Industries (BOM:503162) 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.

Reliance Chemotex Industries ROCE % Related Terms

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Reliance Chemotex Industries (BOM:503162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Reliance Chemotex Industries Ltd (BOM:503162) » Definitions » ROCE %

Traded in Other Exchanges

RELCHEMQ:India

Address

27, Jolly Maker Chambers Number 2, Nariman Point, Mumbai, MH, IND, 400 021

Website

https://www.reliancechemotex.com

Reliance Chemotex Industries Ltd is engaged in the manufacturing of synthetic blended yarn. The company's geographical segments are Sales within India which includes sales to customers located in India and Sales outside India consisting of sales to customers located outside India. It offers various products such as Home furnishing yarns which includes artificial silk carpets, conveyor belt, towels, raised and flat upholstery, and artificial leather, Industrial yarns comprising school uniforms, shawls, medical aids, dyed polyester and viscose yarn. The Company's primary business segment is Yarn. In addition, it also provides Apparel yarns such as knitwear, suiting's and dyed viscose yarns for carpets.

Reliance Chemotex Industries (BOM:503162) Headlines

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