Lexus Granito (India) (NSE:LEXUS) ROCE % : -4.05% (As of Sep. 2023)

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What is Lexus Granito (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. Lexus Granito (India)'s annualized ROCE % for the quarter that ended in Sep. 2023 was -4.05%.

Lexus Granito (India) ROCE % Historical Data

The historical data trend for Lexus Granito (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.

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Lexus Granito (India) ROCE % Chart

Lexus Granito (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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8.00

6.03

-53.87

25.31

-10.12

Lexus Granito (India) Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial													21.60	37.12	4.43	-22.76	-4.05

Lexus Granito (India) ROCE % Calculation

Lexus Granito (India)'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 )
	=	-75.085	/	( ( (1519.901 - 872.1)	+	(1558.967 - 722.945) )	/ 2 )
	=	-75.085	/	( (647.801	+	836.022)	/ 2 )
	=	-75.085	/	741.9115
	=	-10.12 %

Lexus Granito (India)'s ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-36.282	/	( ( (1558.967 - 722.945)	+	(1486.041 - 530.17) )	/ 2 )
	=	-36.282	/	( ( 836.022	+	955.871 )	/ 2 )
	=	-36.282	/	895.9465
	=	-4.05 %

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

Lexus Granito (India) (NSE:LEXUS) 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.

Lexus Granito (India) ROCE % Related Terms

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Lexus Granito (India) (NSE:LEXUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Lexus Granito (India) Ltd (NSE:LEXUS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lakhdhripur Road, National Highway 8A, Opposite Lakhdhripur Village, Survey No. 800, Taluka Morbi, Rajkot, GJ, IND, 363642

Website

https://www.lexusgranito.com

Lexus Granito (India) Ltd operates in the Ceramic industry. The company is a manufacturer & supplier of Polished Glazed Vitrified Tiles, Glazed Vitrified Tiles and digital wall tiles.

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