Neelamalai Agro Industries (BOM:508670) ROCE % : 8.57% (As of Sep. 2024)

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What is Neelamalai Agro 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. Neelamalai Agro Industries's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.57%.

Neelamalai Agro Industries ROCE % Historical Data

The historical data trend for Neelamalai Agro 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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Neelamalai Agro Industries ROCE % Chart

Neelamalai Agro Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.52

14.18

16.50

12.58

15.71

Neelamalai Agro Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															28.82	15.01	12.38	5.93	8.57

Neelamalai Agro Industries ROCE % Calculation

Neelamalai Agro 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 )
	=	410.615	/	( ( (2535.814 - 78.093)	+	(2854.153 - 83.233) )	/ 2 )
	=	410.615	/	( (2457.721	+	2770.92)	/ 2 )
	=	410.615	/	2614.3205
	=	15.71 %

Neelamalai Agro Industries's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	244.42	/	( ( (0 - 0)	+	(2959.981 - 107.073) )	/ 1 )
	=	244.42	/	( ( 0	+	2852.908 )	/ 1 )
	=	244.42	/	2852.908
	=	8.57 %

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

Neelamalai Agro Industries (BOM:508670) 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.

Neelamalai Agro Industries ROCE % Related Terms

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Neelamalai Agro Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Neelamalai Agro Industries Ltd (BOM:508670) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 60, Rukmini Lakshmipathy Salai, Egmore, Chennai, TN, IND, 600 008

Website

http://www.neelamalaiagro.com

Neelamalai Agro Industries Ltd is engaged in plantation activity and the crop dealt with by the firm is tea. The main business of the company is tea cultivation, tea manufacturing, marketing, sales and export of tea. The firm has two estates, including Katary and Sutton Estates, located in the Nilgiris District in Tamil Nadu. The company sells its product in the domestic as well as international market and earns good revenue from both markets. The Company operates in a single Business segment namely Cultivation, Manufacturing and Marketing of Tea.

Neelamalai Agro Industries Headlines

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