Indokem (BOM:504092) ROCE % : 2.96% (As of Dec. 2023)

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What is Indokem 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. Indokem's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.96%.

Indokem ROCE % Historical Data

The historical data trend for Indokem'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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Indokem ROCE % Chart

Indokem Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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0.46

4.57

10.22

9.17

4.34

Indokem 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															12.28	7.09	-0.55	-20.22	2.96

Indokem ROCE % Calculation

Indokem'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 )
	=	21.5	/	( ( (747.6 - 269.4)	+	(802.4 - 289.2) )	/ 2 )
	=	21.5	/	( (478.2	+	513.2)	/ 2 )
	=	21.5	/	495.7
	=	4.34 %

Indokem'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 )
	=	23.2	/	( ( (1247.9 - 464.4)	+	(0 - 0) )	/ 1 )
	=	23.2	/	( ( 783.5	+	0 )	/ 1 )
	=	23.2	/	783.5
	=	2.96 %

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

Indokem (BOM:504092) 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.

Indokem ROCE % Related Terms

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Indokem (BOM:504092) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Indokem Ltd (BOM:504092) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Mogul Lane, Plot No. 410 / 411, Khatau House, Mahim (West), Mumbai, MH, IND, 400016

Website

https://www.indokem.co.in

Indokem Ltd is an India-based company engaged in the business of dyes, auxiliaries, and sizing chemicals for the textile industry. The company operates in two segments: including textile dyes and chemicals; and electrical capacitors. It generates majority of the revenues from the sale of manufactured goods, and traded goods.

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