Nahar Industrial Enterprises (BOM:519136) ROCE % : 4.41% (As of Jun. 2024)

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What is Nahar Industrial Enterprises 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. Nahar Industrial Enterprises's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.41%.

Nahar Industrial Enterprises ROCE % Historical Data

The historical data trend for Nahar Industrial Enterprises'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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Nahar Industrial Enterprises ROCE % Chart

Nahar Industrial Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.78

4.69

28.47

13.13

3.49

Nahar Industrial Enterprises Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															0.42	-0.71	4.55	9.63	4.41

Nahar Industrial Enterprises ROCE % Calculation

Nahar Industrial Enterprises'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 )
	=	374.215	/	( ( (13606.984 - 3126.972)	+	(16577.296 - 5606.068) )	/ 2 )
	=	374.215	/	( (10480.012	+	10971.228)	/ 2 )
	=	374.215	/	10725.62
	=	3.49 %

Nahar Industrial Enterprises's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	483.384	/	( ( (16577.296 - 5606.068)	+	(0 - 0) )	/ 1 )
	=	483.384	/	( ( 10971.228	+	0 )	/ 1 )
	=	483.384	/	10971.228
	=	4.41 %

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

Nahar Industrial Enterprises (BOM:519136) 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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Nahar Industrial Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nahar Industrial Enterprises Ltd (BOM:519136) » Definitions » ROCE %

Traded in Other Exchanges

NAHARINDUS:India

Address

Focal Point, Ludhiana, PB, IND, 141010

Website

http://www.owmnahar.com

Nahar Industrial Enterprises Ltd is a textile manufacturing company. The company operates through two segments: Sugar and Textile. The Textile segment offers yarn and fabric. The Sugar segment is engaged in producing sugar. The company's product offerings include various types of yarns, such as cotton yarns, blended yarns, woollen, woollen blended, Cotton, Polyester Cotton, Other Blended, Compact Yarn, Mercerized Gassed Yarn. It also manufactures printed fabrics, specialty and performance fabrics, and indigo yarn-dyed shirtings for use in apparel and home furnishings. The firm derives a majority of revenue from the Textile segment.

Nahar Industrial Enterprises Headlines

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