Himadri Speciality Chemical (BOM:500184) ROCE % : 22.42% (As of Mar. 2024)

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What is Himadri Speciality Chemical 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. Himadri Speciality Chemical's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.42%.

Himadri Speciality Chemical ROCE % Historical Data

The historical data trend for Himadri Speciality Chemical'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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Himadri Speciality Chemical ROCE % Chart

Himadri Speciality Chemical Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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12.86

5.08

4.15

15.49

22.47

Himadri Speciality Chemical Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															22.74	21.73	22.63	25.20	22.42

Himadri Speciality Chemical ROCE % Calculation

Himadri Speciality Chemical's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	6377.3	/	( ( (36781.29 - 12475.994)	+	(44487.9 - 12029.7) )	/ 2 )
	=	6377.3	/	( (24305.296	+	32458.2)	/ 2 )
	=	6377.3	/	28381.748
	=	22.47 %

Himadri Speciality Chemical's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	7276.4	/	( ( (0 - 0)	+	(44487.9 - 12029.7) )	/ 1 )
	=	7276.4	/	( ( 0	+	32458.2 )	/ 1 )
	=	7276.4	/	32458.2
	=	22.42 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Himadri Speciality Chemical (BOM:500184) 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.

Himadri Speciality Chemical ROCE % Related Terms

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Himadri Speciality Chemical (BOM:500184) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Himadri Speciality Chemical Ltd (BOM:500184) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HSCL:India

Address

India Exchange Place, 2nd Floor, Ruby House 8, Kolkata, WB, IND, 700 001

Website

https://www.himadri.com

Himadri Speciality Chemical Ltd is an Indian Coal Tar Pitch manufacturer with supplies to aluminium and graphite manufacturers. The company operates its business through two segments, which include Carbon Materials and chemicals; and Power. Through its operating segments, the company serves coal tar pitch to various industries to help manufacture aluminum, graphite electrodes, warhead missiles, lithium-ion batteries, and sulphonated naphthalene formaldehyde. Himadri also generates power through the windmills, which is marketed to the state electricity grid. Most of its revenue gets derived from the Carbon materials and chemicals segment. The group has a business presence in India and Outside India.

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