Vivaa Tradecom (BOM:544002) ROCE % : 4.31% (As of Mar. 2023)

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What is Vivaa Tradecom 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. Vivaa Tradecom's annualized ROCE % for the quarter that ended in Mar. 2023 was 4.31%.

Vivaa Tradecom ROCE % Historical Data

The historical data trend for Vivaa Tradecom'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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Vivaa Tradecom ROCE % Chart

Vivaa Tradecom Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

13.49

7.24

7.85

5.90

4.53

Vivaa Tradecom Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Mar24
ROCE %	Get a 7-Day Free Trial			-	-	9.10	4.31	-

Vivaa Tradecom ROCE % Calculation

Vivaa Tradecom'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 )
	=	9.754	/	( ( (492.457 - 320.238)	+	(627.853 - 369.021) )	/ 2 )
	=	9.754	/	( (172.219	+	258.832)	/ 2 )
	=	9.754	/	215.5255
	=	4.53 %

Vivaa Tradecom's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	6.354	/	( ( (1002.211 - 879.367)	+	(492.457 - 320.238) )	/ 2 )
	=	6.354	/	( ( 122.844	+	172.219 )	/ 2 )
	=	6.354	/	147.5315
	=	4.31 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2023) EBIT data.

Vivaa Tradecom (BOM:544002) 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.

Vivaa Tradecom ROCE % Related Terms

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Vivaa Tradecom Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Vivaa Tradecom Ltd (BOM:544002) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

17, Pirana Piplaj Road, Saijpur (Gopalpur), Piplej, Ahmedabad, GJ, IND, 382405

Website

https://www.vivaatrade.com

Vivaa Tradecom Ltd is engaged in the trading of clothes and Garments. Its product range of denim jeans for men and women bears the hallmark of its distinctive sourcing and lean manufacturing via engagement with a string of valued and dependable supply chain partners.

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