Huhtamaki India (BOM:509820) ROCE % : 11.26% (As of Mar. 2024)

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What is Huhtamaki India 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. Huhtamaki India's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.26%.

Huhtamaki India ROCE % Historical Data

The historical data trend for Huhtamaki India'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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Huhtamaki India ROCE % Chart

Huhtamaki India Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.10

16.30

-0.49

8.80

43.70

Huhtamaki India 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															16.60	10.84	14.46	119.23	11.26

Huhtamaki India ROCE % Calculation

Huhtamaki India's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	5303.4	/	( ( (17506.6 - 7393)	+	(20009.6 - 5851.5) )	/ 2 )
	=	5303.4	/	( (10113.6	+	14158.1)	/ 2 )
	=	5303.4	/	12135.85
	=	43.70 %

Huhtamaki India'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 )
	=	1594	/	( ( (20009.6 - 5851.5)	+	(0 - 0) )	/ 1 )
	=	1594	/	( ( 14158.1	+	0 )	/ 1 )
	=	1594	/	14158.1
	=	11.26 %

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

Huhtamaki India (BOM:509820) 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.

Huhtamaki India ROCE % Related Terms

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Huhtamaki India (BOM:509820) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Huhtamaki India Ltd (BOM:509820) » Definitions » ROCE %

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HUHTAMAKI:India

Address

L.B.S. Marg, Majiwade, Thane (West), Thane, MH, IND, 400 601

Website

https://www.huhtamaki.com

Huhtamaki India Ltd is engaged in manufacture and sale of packaging material. It offers a hoard of packaging solutions that comprise flexible packaging, including various pouching solutions, labelling technologies, and shrink sleeve solutions. The company operates through consumer packaging segment and focuses on manufacturing finished goods, such as laminates and coated/uncoated paper and films, cartons, shrink sleeves and automotive and industrial products. Its products are used in various flexible packaging applications, which include food and beverages, personal, oral and healthcare, tube laminate, pharma and medical, and other industries which are mainly domestic.

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