Padam Cotton Yarns (BOM:531395) ROCE % : -12.75% (As of Mar. 2024)

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What is Padam Cotton Yarns 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. Padam Cotton Yarns's annualized ROCE % for the quarter that ended in Mar. 2024 was -12.75%.

Padam Cotton Yarns ROCE % Historical Data

The historical data trend for Padam Cotton Yarns'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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Padam Cotton Yarns ROCE % Chart

Padam Cotton Yarns Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-1.47

-1.36

-2.17

52.79

37.03

Padam Cotton Yarns Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.48	-22.86	0.96	229.88	-12.75

Padam Cotton Yarns ROCE % Calculation

Padam Cotton Yarns'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 )
	=	22.266	/	( ( (52.439 - 2.261)	+	(70.296 - 0.203) )	/ 2 )
	=	22.266	/	( (50.178	+	70.093)	/ 2 )
	=	22.266	/	60.1355
	=	37.03 %

Padam Cotton Yarns's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-8.94	/	( ( (0 - 0)	+	(70.296 - 0.203) )	/ 1 )
	=	-8.94	/	( ( 0	+	70.093 )	/ 1 )
	=	-8.94	/	70.093
	=	-12.75 %

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

Padam Cotton Yarns (BOM:531395) 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.

Padam Cotton Yarns ROCE % Related Terms

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Padam Cotton Yarns (BOM:531395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Padam Cotton Yarns Ltd (BOM:531395) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

196, 1st Floor, G.T. Road, Opposite Red Cross Market, Karnal, HR, IND, 132001

Website

https://www.padamcotton.com

Padam Cotton Yarns Ltd is engaged in the business of providing consultation relating to the textile industry. It is also into the wholesale trading in agricultural pumping sets and implements. It operates in two segments, namely, consultation and Other. The company's revenues are been generated from the consultation segment.

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