Betex India (BOM:512477) ROCE % : 20.18% (As of Sep. 2024)

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

What is Betex India 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. Betex India's annualized ROCE % for the quarter that ended in Sep. 2024 was 20.18%.

Betex India ROCE % Historical Data

The historical data trend for Betex India'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.

Betex India ROCE % Chart

Betex India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

2.41

9.94

2.25

15.96

17.86

Betex India 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															4.92	25.00	26.85	6.67	20.18

Betex India ROCE % Calculation

Betex India'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 )
	=	57.765	/	( ( (501.783 - 199.692)	+	(523.879 - 178.96) )	/ 2 )
	=	57.765	/	( (302.091	+	344.919)	/ 2 )
	=	57.765	/	323.505
	=	17.86 %

Betex India'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 )
	=	72.04	/	( ( (0 - 0)	+	(613.423 - 256.479) )	/ 1 )
	=	72.04	/	( ( 0	+	356.944 )	/ 1 )
	=	72.04	/	356.944
	=	20.18 %

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

Betex India (BOM:512477) 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.

Betex India ROCE % Related Terms

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

Betex India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Betex India Ltd (BOM:512477) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Ring Road, 504, 5th Floor, Trividh Chambers, Opposite Fire Station, Surat, GJ, IND, 395002

Website

https://www.betexindia.com

Betex India Ltd is engaged processing of Art Silk Cloth on a job work basis. It is mainly engaged in job processing work on grey fabrics through its dying and printing units. It has three processing units named Betex, Sumeet Silk Mills-1, and Sumeet Silk Mills-2.

Betex India Headlines

No Headlines