Ashnoor Textile Mills (BOM:507872) ROCE % : 21.68% (As of Dec. 2024)

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What is Ashnoor 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. Ashnoor Textile Mills's annualized ROCE % for the quarter that ended in Dec. 2024 was 21.68%.

Ashnoor Textile Mills ROCE % Historical Data

The historical data trend for Ashnoor 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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Ashnoor Textile Mills ROCE % Chart

Ashnoor Textile Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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13.76

16.36

21.02

13.54

16.53

Ashnoor 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															15.31	14.04	32.84	38.53	21.68

Ashnoor Textile Mills ROCE % Calculation

Ashnoor 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 )
	=	145.347	/	( ( (1382.744 - 502.713)	+	(1562.39 - 683.63) )	/ 2 )
	=	145.347	/	( (880.031	+	878.76)	/ 2 )
	=	145.347	/	879.3955
	=	16.53 %

Ashnoor 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 )
	=	217.604	/	( ( (1714.4 - 710.655)	+	(0 - 0) )	/ 1 )
	=	217.604	/	( ( 1003.745	+	0 )	/ 1 )
	=	217.604	/	1003.745
	=	21.68 %

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

Ashnoor Textile Mills (BOM:507872) 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.

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Ashnoor Textile Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ashnoor Textile Mills Ltd (BOM:507872) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Behrampur Road, Village Khandsa, Gurgaon, HR, IND, 122001

Website

https://www.ashnoortex.com

Ashnoor Textile Mills Ltd is a company engaged in the Terry Towel business. The company manufactures and export white terry towel. Geographically, The majority of the company's revenue is derived from the export of business. The company towels are soft, absorbent, and measure more than one hundred & sixty on the whiteness index.

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