Abhishek (BOM:532831) ROCE % : 0.00% (As of Dec. 2023)

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What is Abhishek 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. Abhishek's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Abhishek ROCE % Historical Data

The historical data trend for Abhishek'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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Abhishek ROCE % Chart

Abhishek Annual Data

Trend

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ROCE %

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Abhishek Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Abhishek ROCE % Calculation

Abhishek's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	-180.763	/	( ( (894.595 - 9609.969)	+	(717.685 - 9609.257) )	/ 2 )
	=	-180.763	/	( (-8715.374	+	-8891.572)	/ 2 )
	=	-180.763	/	-8803.473
	=	2.05 %

Abhishek'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 )
	=	-61.148	/	( ( (621.898 - 9717.856)	+	(0 - 0) )	/ 1 )
	=	-61.148	/	( ( -9095.958	+	0 )	/ 1 )
	=	-61.148	/	-9095.958
	=	0 %

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

Abhishek (BOM:532831) 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.

Abhishek ROCE % Related Terms

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Abhishek (BOM:532831) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Abhishek Corp Ltd (BOM:532831) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Kolhapur-Hupari Road, Gat No. 148, Tamgaon, Taluka Karveer, Kolhapur, MH, IND, 416234

Website

https://www.abhishekcorporation.com

Abhishek Corp Ltd is engaged in the textile business. The company manufactures cotton yarn and dyed yarn shirting fabrics. It produces specialty yarns for various uses in weaving, as well as knitting applications. The bulk of its production goes for yarn dyed fabric varieties.

Abhishek (BOM:532831) Headlines

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