Lagnam Spintex (NSE:LAGNAM) ROCE % : 10.39% (As of Jun. 2024)

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What is Lagnam Spintex 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. Lagnam Spintex's annualized ROCE % for the quarter that ended in Jun. 2024 was 10.39%.

Lagnam Spintex ROCE % Historical Data

The historical data trend for Lagnam Spintex'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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Lagnam Spintex ROCE % Chart

Lagnam Spintex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.56

9.65

24.62

10.59

12.02

Lagnam Spintex Quarterly Data
	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															10.22	5.70	11.24	16.65	10.39

Lagnam Spintex ROCE % Calculation

Lagnam Spintex'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 )
	=	348.982	/	( ( (3111.674 - 996.901)	+	(5334.907 - 1643.415) )	/ 2 )
	=	348.982	/	( (2114.773	+	3691.492)	/ 2 )
	=	348.982	/	2903.1325
	=	12.02 %

Lagnam Spintex's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	383.66	/	( ( (5334.907 - 1643.415)	+	(0 - 0) )	/ 1 )
	=	383.66	/	( ( 3691.492	+	0 )	/ 1 )
	=	383.66	/	3691.492
	=	10.39 %

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

Lagnam Spintex (NSE:LAGNAM) 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.

Lagnam Spintex ROCE % Related Terms

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Lagnam Spintex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lagnam Spintex Ltd (NSE:LAGNAM) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

A-51-53, RIICO Growth Centre Hamirgarh, Bhilwara, RJ, IND, 311001

Website

http://www.lagnamspintex.com

Lagnam Spintex Ltd is an Indian textile company. The company is engaged in the business of manufacturing high-quality yarn for the domestic and export markets. The company's operation is predominantly related to textiles. Hence primary reportable segment is textile only. Its yarn products are used in Denim, Terry Towels, Bottom Wears, Home Textiles, and Industrial Fabrics. It exports cotton yarns to countries like Portugal, Italy, Germany, Belgium, South Africa, Slovenia, Columbia, China, Pakistan, Bangladesh, and others.

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