Indian Toners & Developers (BOM:523586) ROCE % : 15.04% (As of Dec. 2023)

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What is Indian Toners & Developers 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. Indian Toners & Developers's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.04%.

Indian Toners & Developers ROCE % Historical Data

The historical data trend for Indian Toners & Developers'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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Indian Toners & Developers ROCE % Chart

Indian Toners & Developers Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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14.58

8.13

10.74

14.03

18.54

Indian Toners & Developers 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															17.66	22.98	17.09	15.96	15.04

Indian Toners & Developers ROCE % Calculation

Indian Toners & Developers'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 )
	=	343.644	/	( ( (1918.493 - 185.755)	+	(2112.037 - 137.145) )	/ 2 )
	=	343.644	/	( (1732.738	+	1974.892)	/ 2 )
	=	343.644	/	1853.815
	=	18.54 %

Indian Toners & Developers'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 )
	=	316.94	/	( ( (2256.602 - 149.687)	+	(0 - 0) )	/ 1 )
	=	316.94	/	( ( 2106.915	+	0 )	/ 1 )
	=	316.94	/	2106.915
	=	15.04 %

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

Indian Toners & Developers (BOM:523586) 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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Indian Toners & Developers (BOM:523586) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Indian Toners & Developers Ltd (BOM:523586) » Definitions » ROCE %

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Address

1223, DLF Tower - B, Jasola, New Delhi, IND, 110 025

Website

https://www.indiantoners.com

Indian Toners & Developers Ltd is a manufacturer of toners and developers. It is engaged in the business of producing and exporting compatible toners for use in laser printers, the new age digital machines, multi-function printers, analogue copiers as well as wide-format printers and copiers. Its geographical segment includes Domestic sales and Export sales. The company's product consists of chemical color toner, laser toner, copier or digital toner, wide format copiers and printer toner and packaging. It has one segment in the company which is the manufacturing of toner.

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