Angel Fibers (BOM:541006) ROCE % : 4.89% (As of Mar. 2024)

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What is Angel Fibers 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. Angel Fibers's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.89%.

Angel Fibers ROCE % Historical Data

The historical data trend for Angel Fibers'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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Angel Fibers ROCE % Chart

Angel Fibers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-11.29

14.36

19.38

-1.80

6.10

Angel Fibers Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial													16.24	-17.08	14.45	7.46	4.89

Angel Fibers ROCE % Calculation

Angel Fibers'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 )
	=	38.899	/	( ( (929.256 - 210.799)	+	(892.271 - 335.768) )	/ 2 )
	=	38.899	/	( (718.457	+	556.503)	/ 2 )
	=	38.899	/	637.48
	=	6.10 %

Angel Fibers'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	28.418	/	( ( (886.919 - 282.273)	+	(892.271 - 335.768) )	/ 2 )
	=	28.418	/	( ( 604.646	+	556.503 )	/ 2 )
	=	28.418	/	580.5745
	=	4.89 %

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

Angel Fibers (BOM:541006) 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.

Angel Fibers ROCE % Related Terms

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Angel Fibers (BOM:541006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Angel Fibers Ltd (BOM:541006) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Survey No. 100/1, Plot No. 1, Kalavad - Ranuja Road, Taluka - Kalavad, Jamnagar, GJ, IND, 361112

Website

http://www.angelfibers.com

Angel Fibers Ltd is a textile manufacturing company. It also trades in cotton waste which is by-product of its manufactured product. The company operates in the Spinning of Cotton Yarn business segment. The products of the company are Cotton Carded Yarn, Cotton Combed Yarn and Cotton Compact Yarn.

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