Sambandam Spinning Mills (BOM:521240) ROCE % : -7.31% (As of Dec. 2024)

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What is Sambandam 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. Sambandam Spinning Mills's annualized ROCE % for the quarter that ended in Dec. 2024 was -7.31%.

Sambandam Spinning Mills ROCE % Historical Data

The historical data trend for Sambandam 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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Sambandam Spinning Mills ROCE % Chart

Sambandam Spinning Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.75

14.73

19.66

-1.52

1.13

Sambandam Spinning Mills Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-6.24	6.54	4.29	-2.05	-7.31

Sambandam Spinning Mills ROCE % Calculation

Sambandam 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 )
	=	18.273	/	( ( (2794.208 - 991.947)	+	(2683.237 - 1244.562) )	/ 2 )
	=	18.273	/	( (1802.261	+	1438.675)	/ 2 )
	=	18.273	/	1620.468
	=	1.13 %

Sambandam Spinning Mills's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-101.332	/	( ( (2634.967 - 1248.165)	+	(0 - 0) )	/ 1 )
	=	-101.332	/	( ( 1386.802	+	0 )	/ 1 )
	=	-101.332	/	1386.802
	=	-7.31 %

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

Sambandam Spinning Mills (BOM:521240) 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.

Sambandam Spinning Mills ROCE % Related Terms

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Sambandam Spinning Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sambandam Spinning Mills Ltd (BOM:521240) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Kamaraj Nagar Colony, Mill Premises, Salem, TN, IND, 636 014

Website

https://www.sambandam.com

Sambandam Spinning Mills Ltd is engaged in the manufacturing and sale of cotton yarn and blended yarn. The company's product portfolio includes products like 100% cotton, Sustainable Yarns, Cellulosic Yarns, Sollucell Air yarns, Melange, R-Elan, and Core Spun Yarns. The company earns the majority of its revenue from the Indian market.

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