Spice Islands Industries (BOM:526827) ROCE % : 0.00% (As of Dec. 2024)

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What is Spice Islands Industries 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. Spice Islands Industries's annualized ROCE % for the quarter that ended in Dec. 2024 was 0.00%.

Spice Islands Industries ROCE % Historical Data

The historical data trend for Spice Islands Industries'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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Spice Islands Industries ROCE % Chart

Spice Islands Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-60.98

-97.10

-311.64

149.64

Spice Islands Industries 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															203.13	108.02	64.53	-	-

Spice Islands Industries ROCE % Calculation

Spice Islands Industries'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 )
	=	3.821	/	( ( (19.475 - 19.141)	+	(12.852 - 8.079) )	/ 2 )
	=	3.821	/	( (0.334	+	4.773)	/ 2 )
	=	3.821	/	2.5535
	=	149.64 %

Spice Islands Industries'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 )
	=	-7.924	/	( ( (20.81 - 31.009)	+	(0 - 0) )	/ 1 )
	=	-7.924	/	( ( -10.199	+	0 )	/ 1 )
	=	-7.924	/	-10.199
	=	0 %

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

Spice Islands Industries (BOM:526827) 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.

Spice Islands Industries ROCE % Related Terms

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Spice Islands Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Spice Islands Industries Ltd (BOM:526827) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

L. B. S. Marg, Unit 3043-3048, 3rd Floor, Bhandup Industrial Estate, Pannalal Silk Mills Compound, Bhandup (West), Mumbai, MH, IND, 400078

Website

https://www.spiceislandsapparelslimited.in

Spice Islands Industries Ltd is principally a manufacturer of textiles consisting of yarn, fabrics, and garments such as Shirts, Blouses, Skirts, T-shirts, Polo shirts, and Sweatshirts. The company offers a basket of products, in both woven and knitted fabrics, through diverse locations. The product range comprises such as shirts, blouses, skirts, T-shirts, polo shirts, and sweatshirts. The company operates in India as well as it exports its products to the United Kingdom and the United Arab Emirates.

Spice Islands Industries Headlines

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