Opal Luxury Time Products (NSE:OPAL) ROCE % : 0.00% (As of Sep. 2019)

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What is Opal Luxury Time 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. Opal Luxury Time Products's annualized ROCE % for the quarter that ended in Sep. 2019 was 0.00%.

Opal Luxury Time Products ROCE % Historical Data

The historical data trend for Opal Luxury Time 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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Opal Luxury Time Products ROCE % Chart

Opal Luxury Time Products Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

ROCE %

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12.56

5.17

4.79

-12.46

-15.84

Opal Luxury Time Products Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Sep19
ROCE %	Get a 7-Day Free Trial				-	-	-	-32.71	-

Opal Luxury Time Products ROCE % Calculation

Opal Luxury Time Products's annualized ROCE % for the fiscal year that ended in Mar. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2018 )		(A: Mar. 2017 )		(A: Mar. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2018 )		(A: Mar. 2017 )		(A: Mar. 2018 )
	=	-39.231	/	( ( (468.454 - 211.925)	+	(396.292 - 157.33) )	/ 2 )
	=	-39.231	/	( (256.529	+	238.962)	/ 2 )
	=	-39.231	/	247.7455
	=	-15.84 %

Opal Luxury Time Products's ROCE % of for the quarter that ended in Sep. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2019 )		(Q: Sep. 2018 )		(Q: Sep. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2019 )		(Q: Sep. 2018 )		(Q: Sep. 2019 )
	=	-280.366	/	( ( (0 - 0)	+	(114.468 - 169.406) )	/ 1 )
	=	-280.366	/	( ( 0	+	-54.938 )	/ 1 )
	=	-280.366	/	-54.938
	=	0 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2019) EBIT data.

Opal Luxury Time Products (NSE:OPAL) 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.

Opal Luxury Time Products ROCE % Related Terms

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Opal Luxury Time Products (NSE:OPAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Opal Luxury Time Products Ltd (NSE:OPAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Senapati Bapat Road, Shree Ganesh, Plot No. 31, 1st Floor, Shivaji Housing Society, Behind ICC Tower, Pune, MH, IND, 411016

Website

http://www.opalclocks.com

Opal Luxury Time Products Ltd is engaged in manufacturing and marketing of home decor products and designs, manufactures, assembles, markets and primarily in India and offers watches, wall and table clocks, and allied products and accessories. The firm markets its products through a network of distributors, dealers, home décor stores, furniture stores, crockery dealers, and organized retailers under the Opal brand. The company operates 333 counters and 11 online shopping portals in India. The firm offers a diverse product mix which varies with the following parameters: - Price Range, Mould-component-make (wood, metal, acrylic, glass, etc.) and Styles (statue, table, digital, and contemporary). It also offers its products through opalclocks.com, an online shopping portal.