Super Spinning Mills (BOM:521180) ROCE % : -0.47% (As of Mar. 2024)

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What is Super Spinning Mills 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. Super Spinning Mills's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.47%.

Super Spinning Mills ROCE % Historical Data

The historical data trend for Super Spinning Mills'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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Super Spinning Mills ROCE % Chart

Super Spinning Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-1.95

6.82

8.98

3.65

1.81

Super Spinning Mills 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															40.57	-0.99	1.94	3.86	-0.47

Super Spinning Mills ROCE % Calculation

Super Spinning Mills'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 )
	=	18.716	/	( ( (1625.36 - 457.829)	+	(1135.527 - 233.136) )	/ 2 )
	=	18.716	/	( (1167.531	+	902.391)	/ 2 )
	=	18.716	/	1034.961
	=	1.81 %

Super Spinning Mills'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 )
	=	-4.208	/	( ( (0 - 0)	+	(1135.527 - 233.136) )	/ 1 )
	=	-4.208	/	( ( 0	+	902.391 )	/ 1 )
	=	-4.208	/	902.391
	=	-0.47 %

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

Super Spinning Mills (BOM:521180) 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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Super Spinning Mills (BOM:521180) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Super Spinning Mills Ltd (BOM:521180) » Definitions » ROCE %

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SUPERSPIN:India

Address

737- D, Puliakulam Road, Elgi Towers, PB No. 7113, Green Fields, Coimbatore, TN, IND, 641045

Website

https://www.superspinning.com

Super Spinning Mills Ltd is principally engaged in the manufacture and selling of cotton, cotton yarn and allied products. In addition, the company manufactures a wide range of specialty yarns like modal yarn, micro modal yarn, tencel yarn, micro tencel yarn and cotton blended yarns. The manufacturing unit of the Company is situated in India which is in Andhra Pradesh. The company's operating segment includes the textiles and rental segment, where the majority of the company's revenue is generated from the textiles segment.

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