Shanti Spintex (BOM:544059) ROCE % : 16.95% (As of Sep. 2024)

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What is Shanti Spintex 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. Shanti Spintex's annualized ROCE % for the quarter that ended in Sep. 2024 was 16.95%.

Shanti Spintex ROCE % Historical Data

The historical data trend for Shanti Spintex'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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Shanti Spintex ROCE % Chart

Shanti Spintex Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

9.05

9.42

18.81

20.59

Shanti Spintex Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			-	-	19.38	23.86	16.95

Shanti Spintex ROCE % Calculation

Shanti Spintex'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 )
	=	211.183	/	( ( (1758.833 - 814.922)	+	(1939.951 - 832.667) )	/ 2 )
	=	211.183	/	( (943.911	+	1107.284)	/ 2 )
	=	211.183	/	1025.5975
	=	20.59 %

Shanti Spintex's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	191.942	/	( ( (1939.951 - 832.667)	+	(1818.036 - 660.626) )	/ 2 )
	=	191.942	/	( ( 1107.284	+	1157.41 )	/ 2 )
	=	191.942	/	1132.347
	=	16.95 %

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

Shanti Spintex (BOM:544059) 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.

Shanti Spintex ROCE % Related Terms

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Shanti Spintex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shanti Spintex Ltd (BOM:544059) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

A -1601, Navratna Corporate Park, Ambli Bopal Road, Ahmedabad, GJ, IND, 380058

Website

https://www.shantispintex.com

Shanti Spintex Ltd is engaged in the Manufacturing and selling of Cotton Yarn and Fabrics. It manufactures various types of denim fabrics such as power stretch spandex denim, knit denim, lightweight denim, rigid denim, over-dyed denim, and flat finish 3/1 denim and also offers denim fabrics in a diverse spectrum of shades such as indigo blue, IBST, sulphur black, sulphur grey, etc. The Company's operations encompass the utilization of diverse types of yarns such as cotton yarn, ring yarn, viscose yarn, slub yarn, cotton spandex, polyester spandex, tencel, lyocell, etc. The Company is currently organized into two operating activities - 1. Textile Manufacturing and 2. Windmill Operations. The company generates the majority of its revenue from the Textile segment.

Shanti Spintex Headlines

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