Vijay Textiles (BOM:530151) ROCE % : -3.84% (As of Jun. 2024)

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What is Vijay Textiles 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. Vijay Textiles's annualized ROCE % for the quarter that ended in Jun. 2024 was -3.84%.

Vijay Textiles ROCE % Historical Data

The historical data trend for Vijay Textiles'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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Vijay Textiles ROCE % Chart

Vijay Textiles Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.02

-8.34

-0.86

-0.62

-2.31

Vijay Textiles Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															0.71	-2.48	2.86	-	-3.84

Vijay Textiles ROCE % Calculation

Vijay Textiles'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 )
	=	-48.854	/	( ( (3527.517 - 1311.765)	+	(3438.169 - 1422.73) )	/ 2 )
	=	-48.854	/	( (2215.752	+	2015.439)	/ 2 )
	=	-48.854	/	2115.5955
	=	-2.31 %

Vijay Textiles's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-77.448	/	( ( (3438.169 - 1422.73)	+	(0 - 0) )	/ 1 )
	=	-77.448	/	( ( 2015.439	+	0 )	/ 1 )
	=	-77.448	/	2015.439
	=	-3.84 %

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

Vijay Textiles (BOM:530151) 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.

Vijay Textiles ROCE % Related Terms

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Vijay Textiles Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Vijay Textiles Ltd (BOM:530151) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

104, Sardar Patel Road, Surya Towers, Ground Floor, Secunderabad, TG, IND, 500003

Website

https://www.vijaytextiles.in

Vijay Textiles Ltd is engaged in manufacturing and selling of textiles. The company is focused on the activity of dyeing and printing of textile fabrics. The company's operations mainly consist of one segment, Textile fabrics. The products offered by the company include Bed linens, Curtain fabrics, and Upholstery. The company has its in-house design and development department which develop designs and select the suitable raw fabrics for dyeing, printing, and processing.

Vijay Textiles Headlines

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