Arvind Fashions (BOM:542484) ROCE % : 18.86% (As of Mar. 2024)

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What is Arvind Fashions 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. Arvind Fashions's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.86%.

Arvind Fashions ROCE % Historical Data

The historical data trend for Arvind Fashions'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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Arvind Fashions ROCE % Chart

Arvind Fashions Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-12.49

-11.51

-0.11

16.48

16.85

Arvind Fashions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															16.34	12.04	20.37	18.87	18.86

Arvind Fashions ROCE % Calculation

Arvind Fashions'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 )
	=	3080.2	/	( ( (36720.2 - 19027.1)	+	(36069.7 - 17194.1) )	/ 2 )
	=	3080.2	/	( (17693.1	+	18875.6)	/ 2 )
	=	3080.2	/	18284.35
	=	16.85 %

Arvind Fashions'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	3560.8	/	( ( (0 - 0)	+	(36069.7 - 17194.1) )	/ 1 )
	=	3560.8	/	( ( 0	+	18875.6 )	/ 1 )
	=	3560.8	/	18875.6
	=	18.86 %

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

Arvind Fashions (BOM:542484) 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.

Arvind Fashions ROCE % Related Terms

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Arvind Fashions (BOM:542484) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Arvind Fashions Ltd (BOM:542484) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ARVINDFASN:India

Address

17, M.G Road, Du Parc Trinity, 8th Floor, Bangalore, KA, IND, 560 001

Website

https://www.arvind.com

Arvind Fashions Ltd is a branded apparel & Accessories company. The company's brands include US Polo, Tommy Hilfiger, Nautica, GAP, Calvin Klein, and others. Geographically, it derives a majority of its revenue from India. Its business activity falls within a single operating business segment of Branded Apparels.

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