Ecoboard Industries (BOM:523732) ROCE % : -0.75% (As of Dec. 2023)

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What is Ecoboard Industries 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. Ecoboard Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.75%.

Ecoboard Industries ROCE % Historical Data

The historical data trend for Ecoboard Industries'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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Ecoboard Industries ROCE % Chart

Ecoboard Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-29.15

72.56

34.93

6.55

-6.63

Ecoboard Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-15.32	-44.26	-26.67	-18.34	-0.75

Ecoboard Industries ROCE % Calculation

Ecoboard Industries'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 )
	=	-27.193	/	( ( (624.498 - 236.229)	+	(622.004 - 190.189) )	/ 2 )
	=	-27.193	/	( (388.269	+	431.815)	/ 2 )
	=	-27.193	/	410.042
	=	-6.63 %

Ecoboard Industries's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-2.856	/	( ( (584.045 - 204.963)	+	(0 - 0) )	/ 1 )
	=	-2.856	/	( ( 379.082	+	0 )	/ 1 )
	=	-2.856	/	379.082
	=	-0.75 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Ecoboard Industries (BOM:523732) 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.

Ecoboard Industries ROCE % Related Terms

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Ecoboard Industries (BOM:523732) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Ecoboard Industries Ltd (BOM:523732) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off Karve Road, 65/1A, Ecohouse, Akarshak Building, Opposite Nal Stop, Pune, MH, IND, 411004

Website

https://www.ecoboard.in

Ecoboard Industries Ltd manufactures and sells laminated particle boards in India. It has two business divisions: EcoBuild and EcoEnergy. The company's EcoBuild division is marketed under the brand name FORSTER which includes sustainable building materials and products, internal walls, internal ceiling, doors, structural flooring, shelves, etc. EcoEnergy includes energy from Industrial and agro-waste, wastewater treatment plants distilleries using sustainable technologies, and other industries. It operates mainly in two segments: Particle Boards and BioSystems. The Majority of its revenue is generated from the Particle Board segment.

Ecoboard Industries (BOM:523732) Headlines

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