Ganesha Ecosphere (BOM:514167) ROCE % : 12.03% (As of Sep. 2024)

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What is Ganesha Ecosphere 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. Ganesha Ecosphere's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.03%.

Ganesha Ecosphere ROCE % Historical Data

The historical data trend for Ganesha Ecosphere'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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Ganesha Ecosphere ROCE % Chart

Ganesha Ecosphere Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.82

11.46

12.82

12.00

8.36

Ganesha Ecosphere 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															6.21	12.24	10.54	10.49	12.03

Ganesha Ecosphere ROCE % Calculation

Ganesha Ecosphere'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 )
	=	1027.702	/	( ( (13230.039 - 3324.398)	+	(16245.252 - 1564.298) )	/ 2 )
	=	1027.702	/	( (9905.641	+	14680.954)	/ 2 )
	=	1027.702	/	12293.2975
	=	8.36 %

Ganesha Ecosphere'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 )
	=	1819.684	/	( ( (0 - 0)	+	(17683.445 - 2563.37) )	/ 1 )
	=	1819.684	/	( ( 0	+	15120.075 )	/ 1 )
	=	1819.684	/	15120.075
	=	12.03 %

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

Ganesha Ecosphere (BOM:514167) 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.

Ganesha Ecosphere ROCE % Related Terms

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Ganesha Ecosphere Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ganesha Ecosphere Ltd (BOM:514167) » Definitions » ROCE %

Traded in Other Exchanges

GANECOS:India

Address

113/216-B, Swaroop Nagar, First Floor, Kanpur, UP, IND, 208002

Website

https://www.ganeshaecosphere.com

Ganesha Ecosphere Ltd deals in the manufacture and sale of polyester staple fiber and spun yarn. The company is involved in the manufacture of recycled polyester staple fiber (RPSF) and recycled polyester spun yarn (RPSY) from pre-and post-consumer polyethylene terephthalate (PET) bottle scrap. Firm' products have application in the manufacture of textiles (T-shirts, body warmers), functional textiles (non-woven air filter fabric, geotextiles, carpets, car upholstery) and fillings (for pillows, duvets, toys). Majority of the company's revenue is derived in India.

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