Aditya Birla Fashion and Retail (NSE:ABFRL) ROCE % : 5.22% (As of Dec. 2023)

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What is Aditya Birla Fashion and Retail 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. Aditya Birla Fashion and Retail's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.22%.

Aditya Birla Fashion and Retail ROCE % Historical Data

The historical data trend for Aditya Birla Fashion and Retail'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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Aditya Birla Fashion and Retail ROCE % Chart

Aditya Birla Fashion and Retail Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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13.07

11.79

-6.75

3.18

4.38

Aditya Birla Fashion and Retail Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.76	-5.79	-0.56	-0.66	5.22

Aditya Birla Fashion and Retail ROCE % Calculation

Aditya Birla Fashion and Retail's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	3627.1	/	( ( (124065.6 - 57879.8)	+	(170412.8 - 70875.1) )	/ 2 )
	=	3627.1	/	( (66185.8	+	99537.7)	/ 2 )
	=	3627.1	/	82861.75
	=	4.38 %

Aditya Birla Fashion and Retail'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 )
	=	6420.8	/	( ( (219609.6 - 96536.2)	+	(0 - 0) )	/ 1 )
	=	6420.8	/	( ( 123073.4	+	0 )	/ 1 )
	=	6420.8	/	123073.4
	=	5.22 %

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

Aditya Birla Fashion and Retail (NSE:ABFRL) 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.

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Aditya Birla Fashion and Retail (NSE:ABFRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Aditya Birla Fashion and Retail Ltd (NSE:ABFRL) » Definitions » ROCE %

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Traded in Other Exchanges

535755:India

Address

Unit No. 401, 403, 501, 502, L.B.S. Road, Building A, 4th and 5th Floor, Piramal Agastya Corporate Park, Kurla, Mumbai, MH, IND, 400 070

Website

https://www.abfrl.com

Aditya Birla Fashion and Retail Ltd manufactures and retails branded apparel and runs a chain of apparels and accessories retail stores in India. It offers Clothing products, Handbags, Cosmetics, Perfumes, Fashion, Jewellery and Watches, among other products. The company's key brands include Louis Philippe, Van Heusen, Allen Solly and Peter England. The operating segments of the group are Madura Fashion and Lifestyle which involves manufacturing, distribution, and retailing of branded fashion apparel and accessories; and Pantaloons which involves retailing of apparel and accessories. It derives key revenue from the Madura Fashion and Lifestyle segment. Geographically, the group has a business presence in India and Outside India, from which it generates a majority of its revenue in India.

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