Bhartiya International (BOM:526666) ROCE % : 6.05% (As of Dec. 2023)

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What is Bhartiya International 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. Bhartiya International's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.05%.

Bhartiya International ROCE % Historical Data

The historical data trend for Bhartiya International'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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Bhartiya International ROCE % Chart

Bhartiya International Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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11.86

9.98

3.11

1.89

18.70

Bhartiya International 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															10.20	41.53	5.26	14.62	6.05

Bhartiya International ROCE % Calculation

Bhartiya International'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 )
	=	1006.53	/	( ( (9428.844 - 4374.767)	+	(10125.767 - 4413.475) )	/ 2 )
	=	1006.53	/	( (5054.077	+	5712.292)	/ 2 )
	=	1006.53	/	5383.1845
	=	18.70 %

Bhartiya International'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 )
	=	333.996	/	( ( (11291.404 - 5768.843)	+	(0 - 0) )	/ 1 )
	=	333.996	/	( ( 5522.561	+	0 )	/ 1 )
	=	333.996	/	5522.561
	=	6.05 %

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

Bhartiya International (BOM:526666) 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.

Bhartiya International ROCE % Related Terms

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Bhartiya International (BOM:526666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bhartiya International Ltd (BOM:526666) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BIL:India

Address

38, Sector 44, New Delhi Capital Region, Gurgaon, HR, IND, 122002

Website

https://www.bhartiya.com

Bhartiya International Ltd is engaged in the design, manufacture, marketing, and distribution of leather garments. The company operates through Fashion apparels and accessories segment. The Fashion apparels and accessories segment includes Leather products, Textiles products and intermediaries. It is involved in the tanning and dressing of leather, manufacture of luggage, handbags, saddlery and harness, dressing, and dyeing of fur. The company's product portfolio comprises of Leather, Textile apparels and bags and other related accessories for all group including men, women, and children. In addition, it also exports and imports garments as well as offers consultancy services.

Bhartiya International (BOM:526666) Headlines

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