Artedz Fabs (NSE:ARTEDZ) ROCE %: 41.82% (As of Sep. 2018)


What is Artedz Fabs ROCE %?

Artedz Fabs NSE:ARTEDZ ROCE % is 41.82% as of Sep. 2018.

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. Artedz Fabs's annualized ROCE % for the quarter that ended in Sep. 2018 was 41.82%.

Artedz Fabs  (NSE:ARTEDZ) 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.

Artedz Fabs ROCE % Related Terms

Artedz Fabs ROCE % Historical Data

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The historical data trend for Artedz Fabs'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.

Artedz Fabs ROCE % Chart

Artedz Fabs Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18
ROCE %
14.34 16.91 23.93 38.10 41.39

Artedz Fabs Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Sep18
ROCE % Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 41.82

Artedz Fabs ROCE % Calculation

Artedz Fabs's annualized ROCE % for the fiscal year that ended in Mar. 2018 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2018 )  (A: Mar. 2017 )(A: Mar. 2018 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2018 )  (A: Mar. 2017 )(A: Mar. 2018 )
=88.162/( ( (442.521 - 254.152) + (614.814 - 377.16) )/ 2 )
=88.162/( (188.369+237.654)/ 2 )
=88.162/213.0115
=41.39 %

Artedz Fabs's ROCE % of for the quarter that ended in Sep. 2018 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2018 )  (Q: Mar. 2018 )(Q: Sep. 2018 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2018 )  (Q: Mar. 2018 )(Q: Sep. 2018 )
=106.03/( ( (614.814 - 377.16) + (740.86 - 471.41) )/ 2 )
=106.03/( ( 237.654 + 269.45 )/ 2 )
=106.03/253.552
=41.82 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2018) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 41.82% mean?
Artedz Fabs (NSE:ARTEDZ) has a ROCE % of 41.82% as of Sep. 2018.
Is Artedz Fabs' ROCE % too high?
Artedz Fabs' current ROCE % is 41.82%. The Manufacturing - Apparel & Accessories industry median ROCE % is 6.14. Artedz Fabs' value of 41.82% is 581.1% above this industry median.
How does Artedz Fabs' ROCE % compare to ?
Artedz Fabs' ROCE % of 41.82% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.14. Artedz Fabs' value of 41.82% is 581.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Manufacturing - Apparel & Accessories company?
The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.14, based on 1,040 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Artedz Fabs's current ROCE % of 41.82% is 581.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Artedz Fabs's current ROCE % is 41.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artedz Fabs stock overvalued right now?
Artedz Fabs (NSE:ARTEDZ) has a current ROCE % of 41.82%. The current ROCE % is 41.82% and 581.1% above the Manufacturing - Apparel & Accessories industry median of 6.14. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Artedz Fabs (NSE:ARTEDZ), the current ROCE % is 41.82% as of Sep. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Artedz Fabs Business Description

Comparable Companies
Address Off Aarey Road, 206, Gambhir Industrial Estate, Opposite Paramount Print, Hanuman Tekdi, Mumbai, MH, IND, 400063
Artedz Fabs Ltd is a leading manufacturer of cotton yarn dyed fabrics in India. The portfolio encompasses manufacturing of premium quality apparel fabrics for men's clothing by producing various fabric blends and selling directly to manufacturers, retailers and global brands. Besides the regular cotton qualities, it also deals in fancy yarns like slubs, blended yarns like tensil linens, cotton modals, cotton linens and lycra.