Gretex Industries (NSE:GRETEX) ROCE % : 0.00% (As of Mar. 2023)

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What is Gretex Industries 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. Gretex Industries's annualized ROCE % for the quarter that ended in Mar. 2023 was 0.00%.

Gretex Industries ROCE % Historical Data

The historical data trend for Gretex Industries'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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Gretex Industries ROCE % Chart

Gretex Industries Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-1.98

9.82

10.00

19.80

90.92

Gretex Industries Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23	Mar24
ROCE %	Get a 7-Day Free Trial									25.43	4.86	15.23	-	-

Gretex Industries ROCE % Calculation

Gretex Industries'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 )
	=	137.399	/	( ( (106.744 - 55.723)	+	(314.184 - 62.949) )	/ 2 )
	=	137.399	/	( (51.021	+	251.235)	/ 2 )
	=	137.399	/	151.128
	=	90.92 %

Gretex Industries'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 )
	=	0	/	( ( (59.92 - 16.238)	+	(106.744 - 55.723) )	/ 2 )
	=	0	/	( ( 43.682	+	51.021 )	/ 2 )
	=	0	/	47.3515
	=	0.00 %

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

Gretex Industries (NSE:GRETEX) 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.

Gretex Industries ROCE % Related Terms

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Gretex Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gretex Industries Ltd (NSE:GRETEX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

90, Phears Lane, 5th Floor, Kolkata, WB, IND, 700 012

Website

https://www.gretexindustries.com

Gretex Industries Ltd is engaged in the trading of musical instruments. The company's range of musical instruments includes; guitars, keyboards, piano, flute, violins, drums, and other percussion instruments. It also deals in equipment like microphones, headphones, amplifiers, studio monitor speakers, loudspeakers, mixers, and all types of accessories for pro audio and recording. The company is a distributor of brands like Yamaha, Daddario, Harman and Sennheiser, Alphatech, and among others.

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