Ami Organics (BOM:543349) ROCE % : 19.38% (As of Mar. 2024)

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What is Ami Organics 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. Ami Organics's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.38%.

Ami Organics ROCE % Historical Data

The historical data trend for Ami Organics'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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Ami Organics ROCE % Chart

Ami Organics Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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32.78

40.01

25.20

20.21

12.42

Ami Organics Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												24.61	15.12	-5.22	15.02	19.38

Ami Organics ROCE % Calculation

Ami Organics'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 )
	=	878.416	/	( ( (7669.384 - 1628.461)	+	(10959.033 - 2851.701) )	/ 2 )
	=	878.416	/	( (6040.923	+	8107.332)	/ 2 )
	=	878.416	/	7074.1275
	=	12.42 %

Ami Organics'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 )
	=	1570.944	/	( ( (0 - 0)	+	(10959.033 - 2851.701) )	/ 1 )
	=	1570.944	/	( ( 0	+	8107.332 )	/ 1 )
	=	1570.944	/	8107.332
	=	19.38 %

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

Ami Organics (BOM:543349) 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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Ami Organics (BOM:543349) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ami Organics Ltd (BOM:543349) » Definitions » ROCE %

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AMIORG:India

Address

Road No : 82/A & 82/C, Plot No. 440/4, 5 & 6, 8206-B, 478, 479 & 494, 495, GIDC Sachin, Surat, GJ, IND, 394230

Website

https://www.amiorganics.com

Ami Organics Ltd is a research and development-driven manufacturer of specialty chemicals. The company manufactures different types of advanced pharmaceutical intermediates and active pharmaceutical ingredients for new chemical entities and materials for agrochemicals and fine chemicals. Geographically the company generates the majority of its revenue from outside India.

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