Filatex India (NSE:FILATEX) ROCE % : 12.65% (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Filatex India 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. Filatex India's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.65%.

Filatex India ROCE % Historical Data

The historical data trend for Filatex India'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.

* Premium members only.

Filatex India ROCE % Chart

Filatex India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

12.77

19.78

31.81

11.70

11.50

Filatex India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															14.80	8.09	10.10	15.34	12.65

Filatex India ROCE % Calculation

Filatex India'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 )
	=	1795.4	/	( ( (21131.783 - 5825.245)	+	(20976.5 - 5046.6) )	/ 2 )
	=	1795.4	/	( (15306.538	+	15929.9)	/ 2 )
	=	1795.4	/	15618.219
	=	11.50 %

Filatex India'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	2015.6	/	( ( (0 - 0)	+	(20976.5 - 5046.6) )	/ 1 )
	=	2015.6	/	( ( 0	+	15929.9 )	/ 1 )
	=	2015.6	/	15929.9
	=	12.65 %

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

Filatex India (NSE:FILATEX) 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.

Filatex India ROCE % Related Terms

Thank you for viewing the detailed overview of Filatex India's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Filatex India (NSE:FILATEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Filatex India Ltd (NSE:FILATEX) » Definitions » ROCE %

Traded in Other Exchanges

526227:India

Address

Bhageria House, 43, Community Centre, New Friends Colony, New Delhi, IND, 110025

Website

https://www.filatex.com

Filatex India Ltd is a manufacturer of Polyester Filament yarn. The company's product line includes Polyester Filament Yarn, Polypropylene Filament Yarn, Draw Texturized Yarn, Fully Drawn Yarn, Textile Grade Chips, Narrow Customized Fabrics, and Monofilament Yarns. Its only operating segment is the Manufacture and Trading of Synthetic Yarn and Textiles. Geographically, it derives a majority of revenue from India.

Filatex India (NSE:FILATEX) Headlines

No Headlines