Rudra Ecovation (BOM:514010) ROCE % : 16.18% (As of Mar. 2024)

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What is Rudra Ecovation 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. Rudra Ecovation's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.18%.

Rudra Ecovation ROCE % Historical Data

The historical data trend for Rudra Ecovation'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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Rudra Ecovation ROCE % Chart

Rudra Ecovation Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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1.28

-7.47

-15.53

14.62

1.61

Rudra Ecovation 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															40.84	-13.30	-12.91	13.70	16.18

Rudra Ecovation ROCE % Calculation

Rudra Ecovation'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 )
	=	5.446	/	( ( (466.755 - 162.381)	+	(408.477 - 37.439) )	/ 2 )
	=	5.446	/	( (304.374	+	371.038)	/ 2 )
	=	5.446	/	337.706
	=	1.61 %

Rudra Ecovation'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 )
	=	60.04	/	( ( (0 - 0)	+	(408.477 - 37.439) )	/ 1 )
	=	60.04	/	( ( 0	+	371.038 )	/ 1 )
	=	60.04	/	371.038
	=	16.18 %

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

Rudra Ecovation (BOM:514010) 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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Rudra Ecovation (BOM:514010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Rudra Ecovation Ltd (BOM:514010) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

8-L, Model Town, Backside Hotel Chevron, Ludhiana, PB, IND, 141002

Website

http://www.himachalfibre.com

Himachal Fibres Ltd is engaged in the business of manufacturing and sale of cotton polyester yarn and knitted clothes. The company is operating in a single segment that is Textiles which include Knitted Fabric and Blended Yarn. The company's product line includes Cotton Yarn, Melange Yarn, Cotton dyed Yarn, open-ended yarn, and Blended Yarn.

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