Bajaj Hindusthan Sugar (BOM:500032) ROCE % : 5.04% (As of Mar. 2024)

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What is Bajaj Hindusthan Sugar 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. Bajaj Hindusthan Sugar's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.04%.

Bajaj Hindusthan Sugar ROCE % Historical Data

The historical data trend for Bajaj Hindusthan Sugar'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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Bajaj Hindusthan Sugar ROCE % Chart

Bajaj Hindusthan Sugar Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.85

-0.37

-0.23

0.86

0.70

Bajaj Hindusthan Sugar Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.19	7.32	-3.43	2.56	5.04

Bajaj Hindusthan Sugar ROCE % Calculation

Bajaj Hindusthan Sugar'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 )
	=	667.7	/	( ( (159393.4 - 62299)	+	(159061.1 - 64601.2) )	/ 2 )
	=	667.7	/	( (97094.4	+	94459.9)	/ 2 )
	=	667.7	/	95777.15
	=	0.70 %

Bajaj Hindusthan Sugar'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 )
	=	4761.6	/	( ( (0 - 0)	+	(159061.1 - 64601.2) )	/ 1 )
	=	4761.6	/	( ( 0	+	94459.9 )	/ 1 )
	=	4761.6	/	94459.9
	=	5.04 %

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

Bajaj Hindusthan Sugar (BOM:500032) 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.

Bajaj Hindusthan Sugar ROCE % Related Terms

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Bajaj Hindusthan Sugar (BOM:500032) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bajaj Hindusthan Sugar Ltd (BOM:500032) » Definitions » ROCE %

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BAJAJHIND:India

Address

Jamnalal Bajaj Marg, Bajaj Bhawan, B-10, Sector 3, Delhi, IND, 201 301

Website

https://www.bajajhindusthan.com

Bajaj Hindusthan Sugar Ltd is an India-based sugar and ethanol manufacturing company. The operating segments of the company are Sugar, Distillery, Power, and Others. It generates maximum revenue from the Sugar segment. The by-products obtained during the sugar manufacturing process are Molasses, Bagasse, Fly ash, and Press Mud.

Bajaj Hindusthan Sugar (BOM:500032) Headlines

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