AVT Natural Products (BOM:519105) ROCE % : 28.26% (As of Dec. 2023)

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What is AVT Natural Products 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. AVT Natural Products's annualized ROCE % for the quarter that ended in Dec. 2023 was 28.26%.

AVT Natural Products ROCE % Historical Data

The historical data trend for AVT Natural Products'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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AVT Natural Products ROCE % Chart

AVT Natural Products Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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12.67

17.02

20.19

27.97

26.05

AVT Natural Products 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															20.35	15.84	9.75	15.87	28.26

AVT Natural Products ROCE % Calculation

AVT Natural Products'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 )
	=	1076.724	/	( ( (4487.655 - 672.153)	+	(5218.409 - 766.155) )	/ 2 )
	=	1076.724	/	( (3815.502	+	4452.254)	/ 2 )
	=	1076.724	/	4133.878
	=	26.05 %

AVT Natural Products'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 )
	=	1285.768	/	( ( (6303.692 - 1753.8)	+	(0 - 0) )	/ 1 )
	=	1285.768	/	( ( 4549.892	+	0 )	/ 1 )
	=	1285.768	/	4549.892
	=	28.26 %

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

AVT Natural Products (BOM:519105) 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.

AVT Natural Products ROCE % Related Terms

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AVT Natural Products (BOM:519105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AVT Natural Products Ltd (BOM:519105) » Definitions » ROCE %

Comparable Companies

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AVTNPL:India

Address

60, Rukmani Lakshmipathy Salai, Egmore, Chennai, TN, IND, 600 008

Website

https://www.avtnatural.com

AVT Natural Products Ltd is engaged in the business segment of Food & Feed Ingredients from Natural Raw materials. It manufactures plant-based extracts and natural ingredients solutions for the food, beverage, animal nutrition and nutraceutical industries. There are five business categories: Marigold Extracts for Eye Care, Food Coloring & Poultry Pigmentation; Spice oleoresins and Oils for Food Colouring and Flavouring, Value added Teas - Decaffeinated Teas and Instant Teas; Animal Health & Nutrition Products and Rosemary extract. Geographically, the group has a business presence in India and other countries, of which key revenue is generated from other countries.

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