Globale Tessile (NSE:GLOBALE) ROCE % : -14.50% (As of Dec. 2024)

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What is Globale Tessile 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. Globale Tessile's annualized ROCE % for the quarter that ended in Dec. 2024 was -14.50%.

Globale Tessile ROCE % Historical Data

The historical data trend for Globale Tessile'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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Globale Tessile ROCE % Chart

Globale Tessile Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar23

Mar24

ROCE %

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33.00

26.19

32.12

-1.46

10.11

Globale Tessile Quarterly Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial									-	0.51	21.26	23.99	-14.50

Globale Tessile ROCE % Calculation

Globale Tessile'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 )
	=	14.79	/	( ( (525.731 - 362.669)	+	(369.054 - 239.434) )	/ 2 )
	=	14.79	/	( (163.062	+	129.62)	/ 2 )
	=	14.79	/	146.341
	=	10.11 %

Globale Tessile's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-18.032	/	( ( (503.213 - 378.845)	+	(0 - 0) )	/ 1 )
	=	-18.032	/	( ( 124.368	+	0 )	/ 1 )
	=	-18.032	/	124.368
	=	-14.50 %

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

Globale Tessile (NSE:GLOBALE) 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.

Globale Tessile ROCE % Related Terms

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Globale Tessile Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Globale Tessile Ltd (NSE:GLOBALE) » Definitions » ROCE %

Traded in Other Exchanges

544234:India

Address

Polytechnic Road, Mahalaxmi House, 2nd Floor, YSL Avenue, Opposite Ketav Petrol Pump, Ambawadi, Ahmedabad, GJ, IND, 380 015

Website

https://www.mahalaxmigroup.net/GTL

Globale Tessile Ltd is principally engaged in the business of trading textile products. The company's products include Beaded George Fabric, Embroidery Fabric, African Print Fabric, African George Fabric, and Ladies Kaftans.

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