Proventus Agrocom (NSE:PROV) ROCE % : 8.74% (As of Sep. 2023)

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What is Proventus Agrocom 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. Proventus Agrocom's annualized ROCE % for the quarter that ended in Sep. 2023 was 8.74%.

Proventus Agrocom ROCE % Historical Data

The historical data trend for Proventus Agrocom'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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Proventus Agrocom ROCE % Chart

Proventus Agrocom Annual Data

Trend

Mar20

Mar21

Mar22

ROCE %

-30.99

5.27

5.54

Proventus Agrocom Semi-Annual Data
	Mar20	Mar21	Mar22	Sep23
ROCE %	-	-	-	8.74

Proventus Agrocom ROCE % Calculation

Proventus Agrocom's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	34.05	/	( ( (884.336 - 296.194)	+	(1013.113 - 372.655) )	/ 2 )
	=	34.05	/	( (588.142	+	640.458)	/ 2 )
	=	34.05	/	614.3
	=	5.54 %

Proventus Agrocom's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2022 )		(Q: Sep. 2023 )
	=	79.814	/	( ( (1013.113 - 372.655)	+	(1771.106 - 585.06) )	/ 2 )
	=	79.814	/	( ( 640.458	+	1186.046 )	/ 2 )
	=	79.814	/	913.252
	=	8.74 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Proventus Agrocom (NSE:PROV) 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.

Proventus Agrocom ROCE % Related Terms

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Proventus Agrocom (NSE:PROV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Proventus Agrocom Ltd (NSE:PROV) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Village Mulgaon, MV Road, Unit 515, 5th Floor, C Wing, 1 MTR Cabin, Atrium, Andheri East, Near Acme Plaza, Mumbai, MH, IND, 400 069

Website

https://www.proventusagro.com

Proventus Agrocom Ltd is an integrated health food brand with a presence in the entire range of dry fruits, nuts, seeds, berries, and healthy snacking products across the value chain. Its approach in the space focuses on diversifying across the baskets and intensifying its presence across the value chain; in the end, being a one-stop shop for the consumers. Its products include cashew, almonds, walnuts, raisins, sunflower seeds, pistachios and other dry fruits, nuts, seeds and berries.