Nath Industries (BOM:502587) ROCE % : 3.95% (As of Mar. 2024)

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What is Nath 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. Nath Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.95%.

Nath Industries ROCE % Historical Data

The historical data trend for Nath 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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Nath Industries ROCE % Chart

Nath Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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12.57

8.57

6.67

1.59

2.95

Nath Industries 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															-1.29	1.86	2.97	2.78	3.95

Nath Industries ROCE % Calculation

Nath Industries'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 )
	=	99.47	/	( ( (4324.888 - 976.673)	+	(4514.717 - 1108.441) )	/ 2 )
	=	99.47	/	( (3348.215	+	3406.276)	/ 2 )
	=	99.47	/	3377.2455
	=	2.95 %

Nath Industries'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 )
	=	134.608	/	( ( (0 - 0)	+	(4514.717 - 1108.441) )	/ 1 )
	=	134.608	/	( ( 0	+	3406.276 )	/ 1 )
	=	134.608	/	3406.276
	=	3.95 %

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

Nath Industries (BOM:502587) 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.

Nath Industries ROCE % Related Terms

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Nath Industries (BOM:502587) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Nath Industries Ltd (BOM:502587) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

86, Veer Nariman Road, 1, Chateau Windsor, Churchgate, Mumbai, MH, IND, 400 020

Website

https://www.nathindustries.com

Nath Industries Ltd is engaged in the manufacturing of Papers and its related products. It produces various specialty and industrial grades of papers used for various decorative, Multipart stationery, Gift wrapping, and Packing. The company's product mix includes various grades of paper such as Absorbent Kraft, Writing and Printing Paper, Carbon Base, Poster, Napkin grade tissue, Gift Wrapping Tissue, Color Tissues, Masking Paper, and Protection paper. Its segments include Paper and Industrial Chemicals. It generates maximum revenue from the Paper segment.

Nath Industries (BOM:502587) Headlines

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