Indian Acrylics (BOM:514165) ROCE % : -13.15% (As of Mar. 2024)

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What is Indian Acrylics 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. Indian Acrylics's annualized ROCE % for the quarter that ended in Mar. 2024 was -13.15%.

Indian Acrylics ROCE % Historical Data

The historical data trend for Indian Acrylics'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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Indian Acrylics ROCE % Chart

Indian Acrylics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.28

10.97

-15.83

22.67

-10.22

Indian Acrylics 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															39.72	-1.40	-31.55	1.60	-13.15

Indian Acrylics ROCE % Calculation

Indian Acrylics'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 )
	=	-215.495	/	( ( (5573.639 - 3151.43)	+	(3980.978 - 2187.09) )	/ 2 )
	=	-215.495	/	( (2422.209	+	1793.888)	/ 2 )
	=	-215.495	/	2108.0485
	=	-10.22 %

Indian Acrylics'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 )
	=	-235.952	/	( ( (0 - 0)	+	(3980.978 - 2187.09) )	/ 1 )
	=	-235.952	/	( ( 0	+	1793.888 )	/ 1 )
	=	-235.952	/	1793.888
	=	-13.15 %

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

Indian Acrylics (BOM:514165) 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.

Indian Acrylics ROCE % Related Terms

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Indian Acrylics (BOM:514165) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Indian Acrylics Ltd (BOM:514165) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Madhya Marg, SCO 49-50-51, Sector 26, Chandigarh, IND, 160019

Website

https://www.indianacrylics.com

Indian Acrylics Ltd is a manufacturer of acrylic fibre and acrylic yarn in India. The company operates in two segments: Fibre, which includes Staple Fibre, Tow and Tops, and Yarn, which include all kinds of Yarn manufactured and sold by the Company. Its products include Staple Fibre, Acrylic Fibre, Acrylic Tow, and Acrylic Tops. The majority of the revenue is generated in India and from the fibre segment and it exports to other countries as well.

Indian Acrylics (BOM:514165) Headlines

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