Swaraj Suiting (NSE:SWARAJ) ROCE % : 18.20% (As of Mar. 2023)

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What is Swaraj Suiting 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. Swaraj Suiting's annualized ROCE % for the quarter that ended in Mar. 2023 was 18.20%.

Swaraj Suiting ROCE % Historical Data

The historical data trend for Swaraj Suiting'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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Swaraj Suiting ROCE % Chart

Swaraj Suiting Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

11.24

15.39

9.93

9.84

13.16

Swaraj Suiting Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23
ROCE %	Get a 7-Day Free Trial			-	15.28	8.68	7.97	18.20

Swaraj Suiting ROCE % Calculation

Swaraj Suiting'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 )
	=	160.902	/	( ( (1417.842 - 212.821)	+	(2306.208 - 1065.842) )	/ 2 )
	=	160.902	/	( (1205.021	+	1240.366)	/ 2 )
	=	160.902	/	1222.6935
	=	13.16 %

Swaraj Suiting's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	224.732	/	( ( (1969.504 - 739.888)	+	(2306.208 - 1065.842) )	/ 2 )
	=	224.732	/	( ( 1229.616	+	1240.366 )	/ 2 )
	=	224.732	/	1234.991
	=	18.20 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2023) EBIT data.

Swaraj Suiting (NSE:SWARAJ) 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.

Swaraj Suiting ROCE % Related Terms

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Swaraj Suiting (NSE:SWARAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Swaraj Suiting Ltd (NSE:SWARAJ) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

RIICO Growth Centre, F-483 To F-487, Hamirgarh, Bhilwara, RJ, IND, 311025

Website

https://www.swarajsuiting.com

Swaraj Suiting Ltd is mainly engaged into the textile industry. It operates under various verticals namely manufacturing of denim, grey fabric, weaving on a Job Work basis, trading of the finished fabric and grey fabric and yarn. The company operates in four states Rajasthan, Gujarat, Madhya Pradesh and Maharashtra. The company generates the majority of its revenue from Finish Fabrics sale.

Swaraj Suiting (NSE:SWARAJ) Headlines

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