Redtape (BOM:543957) ROCE % : 44.17% (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Redtape 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. Redtape's annualized ROCE % for the quarter that ended in Dec. 2023 was 44.17%.

Redtape ROCE % Historical Data

The historical data trend for Redtape'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.

Redtape ROCE % Chart

Redtape Annual Data

Trend

Mar22

ROCE %

Redtape Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-	-	-	21.69	44.17

Redtape ROCE % Calculation

Redtape'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: . 20 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: . 20 )		(A: Mar. 2022 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Redtape'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 )
	=	3674	/	( ( (14788.2 - 6469.9)	+	(0 - 0) )	/ 1 )
	=	3674	/	( ( 8318.3	+	0 )	/ 1 )
	=	3674	/	8318.3
	=	44.17 %

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

Redtape (BOM:543957) 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.

Redtape ROCE % Related Terms

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

Redtape (BOM:543957) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Redtape Ltd (BOM:543957) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

REDTAPE:India

Address

Plot No. 8, Sector 90, Gautam Buddha Nagar, Noida, UP, IND, 201301

Website

https://www.redtape.com

Redtape Ltd Is the finest brand of Footwear and Clothing for Men, Women and Kids. Its clothing and accessories categories with product offerings comprising casual and semi-formal apparel including shirts, t-shirts, trousers, denim, sweaters, jackets and accessories such as belts, socks, handkerchiefs and wallets. The brand also caters to fashion-conscious women and kids with a wide array of products.

Redtape (BOM:543957) Headlines

No Headlines