Gayatri Rubbers and Chemicals (NSE:GRCL) ROCE % : 20.55% (As of Mar. 2023)

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What is Gayatri Rubbers and Chemicals 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. Gayatri Rubbers and Chemicals's annualized ROCE % for the quarter that ended in Mar. 2023 was 20.55%.

Gayatri Rubbers and Chemicals ROCE % Historical Data

The historical data trend for Gayatri Rubbers and Chemicals'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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Gayatri Rubbers and Chemicals ROCE % Chart

Gayatri Rubbers and Chemicals Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

45.61

21.08

40.09

20.55

Gayatri Rubbers and Chemicals Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
ROCE %	45.61	21.08	40.09	20.55

Gayatri Rubbers and Chemicals ROCE % Calculation

Gayatri Rubbers and Chemicals'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 )
	=	14.275	/	( ( (49.777 - 7.896)	+	(106.197 - 9.128) )	/ 2 )
	=	14.275	/	( (41.881	+	97.069)	/ 2 )
	=	14.275	/	69.475
	=	20.55 %

Gayatri Rubbers and Chemicals'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 )
	=	14.275	/	( ( (49.777 - 7.896)	+	(106.197 - 9.128) )	/ 2 )
	=	14.275	/	( ( 41.881	+	97.069 )	/ 2 )
	=	14.275	/	69.475
	=	20.55 %

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

Gayatri Rubbers and Chemicals (NSE:GRCL) 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.

Gayatri Rubbers and Chemicals ROCE % Related Terms

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Gayatri Rubbers and Chemicals (NSE:GRCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gayatri Rubbers and Chemicals Ltd (NSE:GRCL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Malerna Road, Plot No. 11, Gali No. 3, Opposite Beri ka Bagh, Ballabgarh, Faridabad, HR, IND, 121004

Website

https://www.gayatrirubberchemicals.com

Gayatri Rubbers and Chemicals Ltd is engaged in manufacturing and trading rubber products. The company's product portfolio includes Aluminium rubber profiles, Automobile rubber profiles, Sponge rubber components, Clear PVC profiles, Industrial rubber, and Railway sector rubber. Geographically, the company operates within India.