Vijay Solvex (BOM:531069) ROCE % : 9.08% (As of Mar. 2024)

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What is Vijay Solvex 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. Vijay Solvex's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.08%.

Vijay Solvex ROCE % Historical Data

The historical data trend for Vijay Solvex'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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Vijay Solvex ROCE % Chart

Vijay Solvex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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19.13

43.20

26.19

8.01

1.53

Vijay Solvex 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															4.34	1.14	1.22	-6.84	9.08

Vijay Solvex ROCE % Calculation

Vijay Solvex'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 )
	=	50.688	/	( ( (4040.519 - 754.77)	+	(3749.494 - 425.845) )	/ 2 )
	=	50.688	/	( (3285.749	+	3323.649)	/ 2 )
	=	50.688	/	3304.699
	=	1.53 %

Vijay Solvex'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 )
	=	301.664	/	( ( (0 - 0)	+	(3749.494 - 425.845) )	/ 1 )
	=	301.664	/	( ( 0	+	3323.649 )	/ 1 )
	=	301.664	/	3323.649
	=	9.08 %

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

Vijay Solvex (BOM:531069) 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.

Vijay Solvex ROCE % Related Terms

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Vijay Solvex (BOM:531069) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vijay Solvex Ltd (BOM:531069) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Swami Dayanand Marg, Station Road, Bhagwati Sadan, Alwar, RJ, IND, 301001

Website

http://www.vijaysolvex.com

Vijay Solvex Ltd engaged in manufacturing and distributing edible oil and vanaspati ghee. The company's operating segment includes Edible Oil; Ceramic and Wind Power. It generates maximum revenue from the Edible Oil segment which includes Vanaspati Ghee, Edible Oils, Oil Cake, De-oiled cake and others. Its Ceramics segments include Insulators. The wind Power segment includes electricity generation from Wind Power Generators. Geographically, it derives a majority of revenue from India.

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