Dharmaj Crop Guard (BOM:543687) ROCE % : 8.97% (As of Dec. 2023)

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What is Dharmaj Crop Guard 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. Dharmaj Crop Guard's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.97%.

Dharmaj Crop Guard ROCE % Historical Data

The historical data trend for Dharmaj Crop Guard'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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Dharmaj Crop Guard ROCE % Chart

Dharmaj Crop Guard Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

39.10

50.93

43.88

19.76

Dharmaj Crop Guard Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jul22	Dec22	Mar23	Dec23
ROCE %	Get a 7-Day Free Trial			13.66	-	22.53	2.18	8.97

Dharmaj Crop Guard ROCE % Calculation

Dharmaj Crop Guard'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 )
	=	466.52	/	( ( (2195.45 - 1066.62)	+	(4385.18 - 792.48) )	/ 2 )
	=	466.52	/	( (1128.83	+	3592.7)	/ 2 )
	=	466.52	/	2360.765
	=	19.76 %

Dharmaj Crop Guard'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: Mar. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Mar. 2023 )		(Q: Dec. 2023 )
	=	322.36	/	( ( (4385.18 - 792.48)	+	(0 - 0) )	/ 1 )
	=	322.36	/	( ( 3592.7	+	0 )	/ 1 )
	=	322.36	/	3592.7
	=	8.97 %

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

Dharmaj Crop Guard (BOM:543687) 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.

Dharmaj Crop Guard ROCE % Related Terms

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Dharmaj Crop Guard (BOM:543687) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Dharmaj Crop Guard Ltd (BOM:543687) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DHARMAJ:India

Address

Iscon Ambli Road, Office No. 901 to 903 & 911, B-square 2, Ahmedabad, GJ, IND, 380058

Website

https://www.dharmajcrop.com

Dharmaj Crop Guard Ltd is engaged in the business of manufacturing and dealing in pesticides including concessionaires of public health products for pest control, insecticides, herbicide, fertilizers, and allied products related to research and technical formulations. The company operates under single-segment pesticides, insecticides, herbicide and fertilizers. Geographically the company generates the majority of its revenue from India.

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