Avi Ansh Textile (NSE:AVIANSH) ROCE % : 92.06% (As of Mar. 2024)

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What is Avi Ansh Textile 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. Avi Ansh Textile's annualized ROCE % for the quarter that ended in Mar. 2024 was 92.06%.

Avi Ansh Textile ROCE % Historical Data

The historical data trend for Avi Ansh Textile'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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Avi Ansh Textile ROCE % Chart

Avi Ansh Textile Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

10.35

13.57

7.21

23.02

Avi Ansh Textile Quarterly Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	41.39	54.27	28.86	92.06

Avi Ansh Textile ROCE % Calculation

Avi Ansh Textile'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 )
	=	66.501	/	( ( (469.235 - 199.193)	+	(652.264 - 344.438) )	/ 2 )
	=	66.501	/	( (270.042	+	307.826)	/ 2 )
	=	66.501	/	288.934
	=	23.02 %

Avi Ansh Textile's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	266.004	/	( ( (469.235 - 199.193)	+	(652.264 - 344.438) )	/ 2 )
	=	266.004	/	( ( 270.042	+	307.826 )	/ 2 )
	=	266.004	/	288.934
	=	92.06 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Avi Ansh Textile (NSE:AVIANSH) 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.

Avi Ansh Textile ROCE % Related Terms

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Avi Ansh Textile Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Avi Ansh Textile Ltd (NSE:AVIANSH) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

402, 4th Floor, Aggarwal Cyber Plaza-1, Netaji Subhash Place, Pitampura, North West, Delhi, IND, 110034

Website

Avi Ansh Textile Ltd is a manufacturer and exporter of cotton yarn, including combed and carded cotton yarn in various counts. Its Yarns include Carded cotton, Combed cotton, Short, medium, long slub yarn produced with specific patterns. Its Fabric product include Single Jersey, Rib Knit, Interlock Fabric, Terry, Diagonal Terry, waffle, Thermal, Fleece, Pique, Rice Knit, Dot Knit, Nirmal Knit, Lycra Blended Fabrics, etc.

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