Bannari Amman Spinning Mills (BOM:532674) ROCE % : 7.82% (As of Dec. 2023)

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What is Bannari Amman Spinning Mills 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. Bannari Amman Spinning Mills's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.82%.

Bannari Amman Spinning Mills ROCE % Historical Data

The historical data trend for Bannari Amman Spinning Mills'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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Bannari Amman Spinning Mills ROCE % Chart

Bannari Amman Spinning Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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14.37

13.05

8.18

19.81

2.62

Bannari Amman Spinning Mills 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															-0.62	-1.99	5.23	7.15	7.82

Bannari Amman Spinning Mills ROCE % Calculation

Bannari Amman Spinning Mills'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 )
	=	212.074	/	( ( (12353.784 - 4326.98)	+	(12843.805 - 4698.689) )	/ 2 )
	=	212.074	/	( (8026.804	+	8145.116)	/ 2 )
	=	212.074	/	8085.96
	=	2.62 %

Bannari Amman Spinning Mills'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 )
	=	596.676	/	( ( (12437.427 - 4804.289)	+	(0 - 0) )	/ 1 )
	=	596.676	/	( ( 7633.138	+	0 )	/ 1 )
	=	596.676	/	7633.138
	=	7.82 %

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

Bannari Amman Spinning Mills (BOM:532674) 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.

Bannari Amman Spinning Mills ROCE % Related Terms

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Bannari Amman Spinning Mills (BOM:532674) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bannari Amman Spinning Mills Ltd (BOM:532674) » Definitions » ROCE %

Traded in Other Exchanges

BASML:India

Address

252, Mettupalayam Road, Coimbatore, TN, IND, 641 043

Website

https://www.bannarimills.com

Bannari Amman Spinning Mills Ltd is engaged in the manufacturing of grey woven fabrics, knitted fabrics, and cotton yarn. The company is also engaged in the business of processing fabrics, garments and wind power generation for captive consumption. It operates through the Textiles segment. Its divisions include Spinning, Weaving, Knitting, Processing, Garments, Home Textiles and Wind. The products offered by the company include Mercerised polos, Hoodies, Bed linen set, Baby bath towels and Baby duvet cover. Geographically, the group has a business presence in India and other countries, from which key revenue is derived within India.

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