Sahaj Fashions (NSE:SAHAJ) ROCE % : 10.22% (As of Mar. 2024)

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What is Sahaj Fashions 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. Sahaj Fashions's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.22%.

Sahaj Fashions ROCE % Historical Data

The historical data trend for Sahaj Fashions'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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Sahaj Fashions ROCE % Chart

Sahaj Fashions Annual Data

Trend

Mar23

Mar24

ROCE %

20.59

12.65

Sahaj Fashions Semi-Annual Data
	Mar23	Sep23	Mar24
ROCE %	-	12.92	10.22

Sahaj Fashions ROCE % Calculation

Sahaj Fashions'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 )
	=	51.069	/	( ( (726.999 - 376.493)	+	(853.253 - 396.293) )	/ 2 )
	=	51.069	/	( (350.506	+	456.96)	/ 2 )
	=	51.069	/	403.733
	=	12.65 %

Sahaj Fashions's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	48.152	/	( ( (871.38 - 386.282)	+	(853.253 - 396.293) )	/ 2 )
	=	48.152	/	( ( 485.098	+	456.96 )	/ 2 )
	=	48.152	/	471.029
	=	10.22 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Sahaj Fashions (NSE:SAHAJ) 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.

Sahaj Fashions ROCE % Related Terms

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Sahaj Fashions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sahaj Fashions Ltd (NSE:SAHAJ) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Ajmer Road, Shree Bhawan, Madanganj, Kishangarh, RJ, IND, 305801

Website

https://www.sahajfashions.in

Sahaj Fashions Ltd is engaged in manufacturing of high standard fabric which is used for various purposes such as garments, home furnishings, and industrial applications, etc. It manufactures cotton suiting fabric and cotton shirting fabric apart from polyster based and cotton-polyster blended fabrics.

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