Binayak Tex Processors (BOM:523054) ROCE % : 9.37% (As of Dec. 2023)

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What is Binayak Tex Processors 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. Binayak Tex Processors's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.37%.

Binayak Tex Processors ROCE % Historical Data

The historical data trend for Binayak Tex Processors'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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Binayak Tex Processors ROCE % Chart

Binayak Tex Processors Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.36

10.98

10.00

9.93

11.50

Binayak Tex Processors Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															10.84	9.84	9.10	7.03	9.37

Binayak Tex Processors ROCE % Calculation

Binayak Tex Processors's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	114.33	/	( ( (1868.316 - 910.765)	+	(2020.832 - 989.646) )	/ 2 )
	=	114.33	/	( (957.551	+	1031.186)	/ 2 )
	=	114.33	/	994.3685
	=	11.50 %

Binayak Tex Processors's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	96.42	/	( ( (2157.529 - 1128.083)	+	(0 - 0) )	/ 1 )
	=	96.42	/	( ( 1029.446	+	0 )	/ 1 )
	=	96.42	/	1029.446
	=	9.37 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Binayak Tex Processors (BOM:523054) 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.

Binayak Tex Processors ROCE % Related Terms

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Binayak Tex Processors (BOM:523054) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Binayak Tex Processors Ltd (BOM:523054) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Kalbadevi Road, 5th Floor, 384-M, Dhabolkar Wadi, Mumbai, MH, IND, 400002

Website

https://www.binayaktex.com

Binayak Tex Processors Ltd engaged in the manufacturing of textile fabrics. It operates through the Textile Business and Finance Business segments. The firm is also engaged in the business of manufacturing and processing of textile fabrics. Its products include prints, such as wax print, all-over print, reactive print, discharge print and single color dye, and home-textile, such as bed sets and quilts. The company offers bed sheets, towels, kitchen apron, curtains, pillows, and cushions. The company has two segments Textile business and Finance business segment.

Binayak Tex Processors (BOM:523054) Headlines

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