Titaanium Ten Enterprise (BOM:539985) ROCE % : 31.70% (As of Sep. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Titaanium Ten Enterprise 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. Titaanium Ten Enterprise's annualized ROCE % for the quarter that ended in Sep. 2024 was 31.70%.

Titaanium Ten Enterprise ROCE % Historical Data

The historical data trend for Titaanium Ten Enterprise'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.

* Premium members only.

Titaanium Ten Enterprise ROCE % Chart

Titaanium Ten Enterprise Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

18.61

19.76

20.08

24.64

24.58

Titaanium Ten Enterprise Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															24.21	24.97	26.81	23.27	31.70

Titaanium Ten Enterprise ROCE % Calculation

Titaanium Ten Enterprise'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 )
	=	58.243	/	( ( (648.313 - 413.521)	+	(630.971 - 391.834) )	/ 2 )
	=	58.243	/	( (234.792	+	239.137)	/ 2 )
	=	58.243	/	236.9645
	=	24.58 %

Titaanium Ten Enterprise's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	72.474	/	( ( (630.971 - 391.834)	+	(500.807 - 282.703) )	/ 2 )
	=	72.474	/	( ( 239.137	+	218.104 )	/ 2 )
	=	72.474	/	228.6205
	=	31.70 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Titaanium Ten Enterprise (BOM:539985) 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.

Titaanium Ten Enterprise ROCE % Related Terms

Thank you for viewing the detailed overview of Titaanium Ten Enterprise's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Titaanium Ten Enterprise Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Titaanium Ten Enterprise Ltd (BOM:539985) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Ring Road, Shop No. 901/914, 9th Floor, Rajhans Complex, Beside Nirmal Children Hospital, Surat, GJ, IND, 395002

Website

http://www.titaaniumten.co.in

Titaanium Ten Enterprise Ltd operates in the textile industry. The company is mainly engaged in the trading of yarn, grey cloth, and knitted fabrics as well as manufacturing of knitted fabrics. It operates through Textile and Logistic segments. The firm generates the majority of its revenue from the Textile segment.

Titaanium Ten Enterprise Headlines

No Headlines