Andhra Paper (BOM:502330) ROCE % : 4.02% (As of Dec. 2024)

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What is Andhra Paper 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. Andhra Paper's annualized ROCE % for the quarter that ended in Dec. 2024 was 4.02%.

Andhra Paper ROCE % Historical Data

The historical data trend for Andhra Paper'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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Andhra Paper ROCE % Chart

Andhra Paper Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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23.81

-0.20

16.99

49.47

24.85

Andhra Paper Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															25.39	9.03	7.53	11.48	4.02

Andhra Paper ROCE % Calculation

Andhra Paper'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 )
	=	4595.218	/	( ( (20046.983 - 3378.637)	+	(24509.513 - 4186.987) )	/ 2 )
	=	4595.218	/	( (16668.346	+	20322.526)	/ 2 )
	=	4595.218	/	18495.436
	=	24.85 %

Andhra Paper's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	864.22	/	( ( (26367.47 - 4879.452)	+	(0 - 0) )	/ 1 )
	=	864.22	/	( ( 21488.018	+	0 )	/ 1 )
	=	864.22	/	21488.018
	=	4.02 %

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

Andhra Paper (BOM:502330) 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.

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Andhra Paper Business Description

Industry

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ANDHRAPAP:India

Address

No. 31, Chowringee Road, Park Street, 1st Floor, Kolkata, WB, IND, 700016

Website

https://www.andhrapaper.com

Andhra Paper Ltd is an integrated paper and pulp manufacturer in India. The company is engaged in the business of manufacturing pulp, paper, and paperboard and produces writing, printing, copier, and industrial papers for Indian and international markets. In addition, the company also provides a range of office documentation and multipurpose papers, from economy to premium grades for both home and commercial use. The company generates maximum revenue from its business in India and the rest from the sale of its products outside India.

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