Libas Consumer Products (NSE:LIBAS) ROCE % : 11.83% (As of Sep. 2023)

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What is Libas Consumer Products 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. Libas Consumer Products's annualized ROCE % for the quarter that ended in Sep. 2023 was 11.83%.

Libas Consumer Products ROCE % Historical Data

The historical data trend for Libas Consumer Products'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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Libas Consumer Products ROCE % Chart

Libas Consumer Products Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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32.01

20.04

2.45

25.37

14.37

Libas Consumer Products Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															30.91	7.24	8.62	-11.29	11.83

Libas Consumer Products ROCE % Calculation

Libas Consumer Products'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 )
	=	88.587	/	( ( (721.882 - 233.84)	+	(941.407 - 196.105) )	/ 2 )
	=	88.587	/	( (488.042	+	745.302)	/ 2 )
	=	88.587	/	616.672
	=	14.37 %

Libas Consumer Products'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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	88.076	/	( ( (0 - 0)	+	(1055.143 - 310.606) )	/ 1 )
	=	88.076	/	( ( 0	+	744.537 )	/ 1 )
	=	88.076	/	744.537
	=	11.83 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Libas Consumer Products (NSE:LIBAS) 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.

Libas Consumer Products ROCE % Related Terms

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Libas Consumer Products (NSE:LIBAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Libas Consumer Products Ltd (NSE:LIBAS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off New Link Road, Lokhanwala Complex, 401, 4th Floor, Crescent Royale, Andheri (West), Mumbai, MH, IND, 400053

Website

https://www.riyazgangjilibasconsumerproductltd.com

Libas Consumer Products Ltd is an Indian firm engaged in the business of manufacturing apparel. The company offers clothing for men and women which includes shirts, trousers, blazers, jackets, suits, sarees, among others. The business operates in a single segment being manufacturing and dealing in textiles. It derives revenue from the domestic sale of goods.

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