Morarjee Textiles (NSE:MORARJEE) ROCE %: 0.00% (As of Dec. 2023)


NSE:MORARJEE Morarjee Textiles Ltd NSE:MORARJEE
4 GF Score
Price ₹8.84
View Full Analysis

What is Morarjee Textiles ROCE %?

Morarjee Textiles NSE:MORARJEE +4.99% 4 ROCE % is 0.00% as of Dec. 2023. GuruFocus rates NSE:MORARJEE with a GF Score™ of 4/100.

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. Morarjee Textiles's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Morarjee Textiles  (NSE:MORARJEE) 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.

Morarjee Textiles ROCE % Related Terms

Morarjee Textiles ROCE % Historical Data

* Premium members only.

The historical data trend for Morarjee Textiles'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.

Morarjee Textiles ROCE % Chart

Morarjee Textiles Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.14 3.99 -8.40 -11.58 0.00

Morarjee Textiles Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
NSE:MORARJEE
4GF Score
Morarjee Textiles Ltd NSE:MORARJEE
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Morarjee Textiles ROCE % Calculation

Morarjee Textiles'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 )
=-1089.024/( ( (6269.769 - 5428.192) + (5038.214 - 7015.928) )/ 2 )
=-1089.024/( (841.577+-1977.714)/ 2 )
=-1089.024/-568.0685
=191.71 %

Morarjee Textiles's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=-431.2/( ( (4627.6 - 7331.8) + (0 - 0) )/ 1 )
=-431.2/( ( -2704.2 + 0 )/ 1 )
=-431.2/-2704.2
=0 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 0.00% mean?
Morarjee Textiles (NSE:MORARJEE) has a ROCE % of 0.00% as of Dec. 2023.
Is Morarjee Textiles' ROCE % too high?
Morarjee Textiles' current ROCE % is 0.00%. Overall, Morarjee Textiles has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Morarjee Textiles' ROCE % compare to competitors?
Morarjee Textiles' ROCE % of 0.00% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.12. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Manufacturing - Apparel & Accessories company?
The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.12, based on 1,038 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morarjee Textiles's current ROCE % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morarjee Textiles stock overvalued right now?
Morarjee Textiles (NSE:MORARJEE) has a current ROCE % of 0.00%. The current ROCE % is 0.00%. Morarjee Textiles' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Morarjee Textiles (NSE:MORARJEE), the current ROCE % is 0.00% as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Morarjee Textiles Business Description

Address Ganpatrao Kadam Marg, Unit 5, Ground Floor, Wing B, Peninsula Corporate Park, Peninsula Tower - 1, Lower Parel West, Mumbai, MH, IND, 400013
Morarjee Textiles Ltd is involved in the textile manufacturing business sector. The firm deals in the manufacture of yarn and fabrics. Its products include white fabric, voiles, yarn, and fashion prints among others.
4GF Score

Get the complete analysis for NSE:MORARJEE

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹8.84
Price