Narmada Gelatines (BOM:526739) ROCE % : 17.59% (As of Dec. 2023)

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What is Narmada Gelatines 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. Narmada Gelatines's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.59%.

Narmada Gelatines ROCE % Historical Data

The historical data trend for Narmada Gelatines'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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Narmada Gelatines ROCE % Chart

Narmada Gelatines Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.95

13.01

7.98

10.42

15.86

Narmada Gelatines 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															19.55	24.70	23.79	14.25	17.59

Narmada Gelatines ROCE % Calculation

Narmada Gelatines'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 )
	=	198.231	/	( ( (1699.293 - 184.634)	+	(1154.182 - 168.887) )	/ 2 )
	=	198.231	/	( (1514.659	+	985.295)	/ 2 )
	=	198.231	/	1249.977
	=	15.86 %

Narmada Gelatines'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 )
	=	185.6	/	( ( (1190.1 - 134.7)	+	(0 - 0) )	/ 1 )
	=	185.6	/	( ( 1055.4	+	0 )	/ 1 )
	=	185.6	/	1055.4
	=	17.59 %

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

Narmada Gelatines (BOM:526739) 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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Narmada Gelatines (BOM:526739) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Narmada Gelatines Ltd (BOM:526739) » Definitions » ROCE %

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Address

15 Civil Lines, Caravs Building, 1st Floor, Room No 28, Jabalpur, MP, IND, 482001

Website

https://www.narmadagelatines.com

Narmada Gelatines Ltd is a gelatin manufacturing company. The company is engaged in the business of manufacturing and sale of gelatine and its by-product di-calcium phosphate (DCP) for industrial applications. Gelatine, ossein and the by-product DCP together form part of one product group, which is the operating segment of the company. The group operates in India, and also exports internationally, of which sales from India constitute majorly to the revenue. The company generates its key revenue from the sale of gelatin.

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