Black Rose Industries (BOM:514183) ROCE % : 21.32% (As of Mar. 2024)

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What is Black Rose Industries 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. Black Rose Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.32%.

Black Rose Industries ROCE % Historical Data

The historical data trend for Black Rose Industries'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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Black Rose Industries ROCE % Chart

Black Rose Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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42.05

42.50

38.13

9.78

20.72

Black Rose Industries 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															9.42	16.69	23.22	21.14	21.32

Black Rose Industries ROCE % Calculation

Black Rose Industries'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 )
	=	296.465	/	( ( (1621.631 - 277.053)	+	(1925.213 - 408.512) )	/ 2 )
	=	296.465	/	( (1344.578	+	1516.701)	/ 2 )
	=	296.465	/	1430.6395
	=	20.72 %

Black Rose Industries'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 )
	=	323.436	/	( ( (0 - 0)	+	(1925.213 - 408.512) )	/ 1 )
	=	323.436	/	( ( 0	+	1516.701 )	/ 1 )
	=	323.436	/	1516.701
	=	21.32 %

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

Black Rose Industries (BOM:514183) 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.

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Black Rose Industries (BOM:514183) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Black Rose Industries Ltd (BOM:514183) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

145/A, Mittal Towers, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.blackrosechemicals.com

Black Rose Industries Ltd is engaged in the business of chemical distribution and chemical manufacturing. It operates through two segments: Chemicals and Others. The Chemical distribution business consists mainly of import and sales of specialty and performance chemicals. Its product offerings consist of speciality chemical, Flocculants, cyanoacrylate adhesives, polymer additives, Acrylamide. The majority of the company's revenue is generated from the Chemicals segment. The company's export function mainly focuses on promoting Indian-made chemicals in other countries mainly Japan, Korea, and China.

Black Rose Industries (BOM:514183) Headlines

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