S K S Textiles (NSE:SKSTEXTILE) ROCE % : 0.00% (As of Mar. 2020)

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What is S K S Textiles 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. S K S Textiles's annualized ROCE % for the quarter that ended in Mar. 2020 was 0.00%.

S K S Textiles ROCE % Historical Data

The historical data trend for S K S 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.

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S K S Textiles ROCE % Chart

S K S Textiles Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

ROCE %

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20.08

21.98

21.02

19.34

-14.11

S K S Textiles Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Mar20
ROCE %	Get a 7-Day Free Trial					21.05	21.73	20.05	18.27	-

S K S Textiles ROCE % Calculation

S K S Textiles's annualized ROCE % for the fiscal year that ended in Mar. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	-56.464	/	( ( (1103.205 - 658.846)	+	(1221.354 - 865.483) )	/ 2 )
	=	-56.464	/	( (444.359	+	355.871)	/ 2 )
	=	-56.464	/	400.115
	=	-14.11 %

S K S Textiles's ROCE % of for the quarter that ended in Mar. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2020 )		(Q: Mar. 2019 )		(Q: Mar. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2020 )		(Q: Mar. 2019 )		(Q: Mar. 2020 )
	=	0	/	( ( (1103.205 - 658.846)	+	(1221.354 - 865.483) )	/ 2 )
	=	0	/	( ( 444.359	+	355.871 )	/ 2 )
	=	0	/	400.115
	=	0.00 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2020) EBIT data.

S K S Textiles (NSE:SKSTEXTILE) 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.

S K S Textiles ROCE % Related Terms

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S K S Textiles (NSE:SKSTEXTILE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » S K S Textiles Ltd (NSE:SKSTEXTILE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Senapati Bapat Marg, Gala No. 431, Keval Industrial Estate, 4th Floor, Lower Parel West, Mumbai, MH, IND, 400013

Website

http://www.groupsks.com

S K S Textiles Ltd is a textile company. It is engaged in the business of textile manufacturing and trading. The company manufactures grey fabrics and finished fabrics for shirting, suiting, and other accessories for its own brand and for other garment companies.

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