Antarctica (NSE:ANTGRAPHIC) ROCE % : 1.59% (As of Mar. 2023)

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What is Antarctica 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. Antarctica's annualized ROCE % for the quarter that ended in Mar. 2023 was 1.59%.

Antarctica ROCE % Historical Data

The historical data trend for Antarctica'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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Antarctica ROCE % Chart

Antarctica Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-0.62

0.25

0.11

0.07

-0.02

Antarctica Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															-0.32	-2.07	0.29	0.09	1.59

Antarctica ROCE % Calculation

Antarctica'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 )
	=	-0.045	/	( ( (199.488 - 3.226)	+	(200.663 - 2.975) )	/ 2 )
	=	-0.045	/	( (196.262	+	197.688)	/ 2 )
	=	-0.045	/	196.975
	=	-0.02 %

Antarctica's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	3.148	/	( ( (0 - 0)	+	(200.663 - 2.975) )	/ 1 )
	=	3.148	/	( ( 0	+	197.688 )	/ 1 )
	=	3.148	/	197.688
	=	1.59 %

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

Antarctica (NSE:ANTGRAPHIC) 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.

Antarctica ROCE % Related Terms

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Antarctica (NSE:ANTGRAPHIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Antarctica Ltd (NSE:ANTGRAPHIC) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

1A Vidyasagar Street, Kolkata, WB, IND, 700009

Website

https://www.antarctica-packaging.com

Antarctica Ltd is engaged in the packing and printing business. The company is involved in carton box manufacturing, with the option of lined cartons, including cartons with a tube inside, book printing and finishing, labels, contract packaging, tea bags, and posters. Its products include Folding cartons with an inner liner for powers, Granulated materials and liquids lock bottom, and Reverse tuck-in boxes; tea bags, such as hard tag double chambered tea bags with or without outer envelopes; tags, including printed hard tags tea bag making; paper cups, such as printed paper cups and poly extrusion (PE) coated, and books and brochures. The Company is a Paper-based Packaging & Publishing, product manufacturer. The revenue is generated from the sale of products.

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