Nitta Gelatin India (BOM:506532) ROCE % : 23.88% (As of Mar. 2024)

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What is Nitta Gelatin India 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. Nitta Gelatin India's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.88%.

Nitta Gelatin India ROCE % Historical Data

The historical data trend for Nitta Gelatin India'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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Nitta Gelatin India ROCE % Chart

Nitta Gelatin India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.86

15.52

25.40

40.54

36.87

Nitta Gelatin India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															31.65	53.51	37.32	35.57	23.88

Nitta Gelatin India ROCE % Calculation

Nitta Gelatin India'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 )
	=	1187.785	/	( ( (3674.487 - 826.575)	+	(4227.302 - 632.918) )	/ 2 )
	=	1187.785	/	( (2847.912	+	3594.384)	/ 2 )
	=	1187.785	/	3221.148
	=	36.87 %

Nitta Gelatin India'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	858.184	/	( ( (0 - 0)	+	(4227.302 - 632.918) )	/ 1 )
	=	858.184	/	( ( 0	+	3594.384 )	/ 1 )
	=	858.184	/	3594.384
	=	23.88 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Nitta Gelatin India (BOM:506532) 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.

Nitta Gelatin India ROCE % Related Terms

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Nitta Gelatin India (BOM:506532) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nitta Gelatin India Ltd (BOM:506532) » Definitions » ROCE %

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Address

56/715, SBT Avenue, Post Box No. 4262, Panampilly Nagar, Kochi, KL, IND, 682 036

Website

https://www.gelatin.in

Nitta Gelatin India Ltd is an India-based manufacturer and seller of Gelatin, Di-Calcium Phosphate, Ossein and Collagen peptides. The company's product range includes Gelatin for pharmaceuticals and food applications, Wellnex collagen peptides for joint health and skin beauty, Di-Calcium Phosphate as a poultry feed ingredient, NutriGold as an agricultural growth promoter, and Ossein and Chitosan for agricultural and industrial applications. Geographically, the company sells its products in India and other countries.

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