Goyallt (NSE:GOYALSALT) ROCE % : 39.61% (As of Mar. 2023)

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What is Goyallt 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. Goyallt's annualized ROCE % for the quarter that ended in Mar. 2023 was 39.61%.

Goyallt ROCE % Historical Data

The historical data trend for Goyallt'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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Goyallt ROCE % Chart

Goyallt Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

12.72

15.04

16.24

39.61

Goyallt Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
ROCE %	12.72	15.04	16.24	39.61

Goyallt ROCE % Calculation

Goyallt'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 )
	=	58.505	/	( ( (273.341 - 141.159)	+	(300.094 - 136.844) )	/ 2 )
	=	58.505	/	( (132.182	+	163.25)	/ 2 )
	=	58.505	/	147.716
	=	39.61 %

Goyallt'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: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	58.505	/	( ( (273.341 - 141.159)	+	(300.094 - 136.844) )	/ 2 )
	=	58.505	/	( ( 132.182	+	163.25 )	/ 2 )
	=	58.505	/	147.716
	=	39.61 %

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

Goyallt (NSE:GOYALSALT) 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.

Goyallt ROCE % Related Terms

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Goyallt (NSE:GOYALSALT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Goyal Salt Ltd (NSE:GOYALSALT) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Plot No. 229-230, Guru Jambeshwar Nagar, Lane No. 7 Gandhi Path, Vaishali Nagar, Jaipur, RJ, IND, 302021

Website

https://www.goyalsaltltd.com

Goyal Salt Ltd is a company which is primarily engaged in the business of refining of raw salts procured from sub soil brine in the state of Rajasthan for useable as industrial salts and edible salts. It refines and supplies pure, refined and quality range of triple refined free flow iodized salt, industrial salt, double fortified salt and triple refined half dry salt.

Goyallt (NSE:GOYALSALT) Headlines

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