Forcas Studio (NSE:FORCAS) ROCE % : 28.05% (As of Mar. 2023)

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What is Forcas Studio 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. Forcas Studio's annualized ROCE % for the quarter that ended in Mar. 2023 was 28.05%.

Forcas Studio ROCE % Historical Data

The historical data trend for Forcas Studio'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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Forcas Studio ROCE % Chart

Forcas Studio Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

19.10

20.59

28.05

Forcas Studio Semi-Annual Data
	Mar21	Mar22	Mar23
ROCE %	19.10	20.59	28.05

Forcas Studio ROCE % Calculation

Forcas Studio'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 )
	=	40.598	/	( ( (433.327 - 280.549)	+	(392.385 - 255.738) )	/ 2 )
	=	40.598	/	( (152.778	+	136.647)	/ 2 )
	=	40.598	/	144.7125
	=	28.05 %

Forcas Studio's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	40.598	/	( ( (433.327 - 280.549)	+	(392.385 - 255.738) )	/ 2 )
	=	40.598	/	( ( 152.778	+	136.647 )	/ 2 )
	=	40.598	/	144.7125
	=	28.05 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Forcas Studio (NSE:FORCAS) 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.

Forcas Studio ROCE % Related Terms

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Forcas Studio Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Forcas Studio Ltd (NSE:FORCAS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Budge Budge Trunk Road, B-3 71C/161, Tara Maa Tower, Khalpole, South 24 Parganas, Thakurpur, Mahestola, WB, IND, 700 142

Website

https://www.focasstudio.in

Forcas Studio Ltd sells men's clothing, including shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company provides these products online and in bulk to customers all over India. It also offers white-labelling services for other brands, such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail, and more. The company sells its products through online platforms under the brand name of FTX' Tribe and Conteno.

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