Manomay Tex India (BOM:540396) ROCE % : 20.85% (As of Dec. 2024)

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What is Manomay Tex India 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. Manomay Tex India's annualized ROCE % for the quarter that ended in Dec. 2024 was 20.85%.

Manomay Tex India ROCE % Historical Data

The historical data trend for Manomay Tex India'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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Manomay Tex India ROCE % Chart

Manomay Tex India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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14.68

9.32

15.71

17.80

13.33

Manomay Tex India Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															16.21	14.41	14.78	19.04	20.85

Manomay Tex India ROCE % Calculation

Manomay Tex India'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 )
	=	347.679	/	( ( (3929.792 - 1977.831)	+	(5839.696 - 2575.167) )	/ 2 )
	=	347.679	/	( (1951.961	+	3264.529)	/ 2 )
	=	347.679	/	2608.245
	=	13.33 %

Manomay Tex India's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	692.076	/	( ( (5928.804 - 2609.824)	+	(0 - 0) )	/ 1 )
	=	692.076	/	( ( 3318.98	+	0 )	/ 1 )
	=	692.076	/	3318.98
	=	20.85 %

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

Manomay Tex India (BOM:540396) 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.

Manomay Tex India ROCE % Related Terms

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Manomay Tex India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Manomay Tex India Ltd (BOM:540396) » Definitions » ROCE %

Traded in Other Exchanges

MANOMAY:India

Address

Pur Road, 32, Heera Panna Market, Bhilwara, RJ, IND, 311001

Website

https://www.manomaytexindia.com

Manomay Tex India Ltd is an Indian company engaged in trading and manufacturing of Denim textile fabrics. The company offers its products under the brand name Manomay within the Indian and international market. It generates a majority of its revenue within India.

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