Norben Tea & Exports (BOM:519528) ROCE % : 22.61% (As of Sep. 2024)

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What is Norben Tea & Exports 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. Norben Tea & Exports's annualized ROCE % for the quarter that ended in Sep. 2024 was 22.61%.

Norben Tea & Exports ROCE % Historical Data

The historical data trend for Norben Tea & Exports'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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Norben Tea & Exports ROCE % Chart

Norben Tea & Exports Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-4.10

10.18

2.15

5.56

-3.03

Norben Tea & Exports 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															16.43	-19.21	-14.94	6.20	22.61

Norben Tea & Exports ROCE % Calculation

Norben Tea & Exports'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 )
	=	-6.295	/	( ( (257.127 - 45.216)	+	(258.321 - 54.123) )	/ 2 )
	=	-6.295	/	( (211.911	+	204.198)	/ 2 )
	=	-6.295	/	208.0545
	=	-3.03 %

Norben Tea & Exports'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 )
	=	49.376	/	( ( (0 - 0)	+	(271.921 - 53.585) )	/ 1 )
	=	49.376	/	( ( 0	+	218.336 )	/ 1 )
	=	49.376	/	218.336
	=	22.61 %

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

Norben Tea & Exports (BOM:519528) 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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Norben Tea & Exports Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Norben Tea & Exports Ltd (BOM:519528) » Definitions » ROCE %

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NORBTEAEXP:India

Address

15B, Hemanta Basu Sarani, 3rd Floor, Octavious Centre, Kolkata, WB, IND, 700 001

Website

https://www.norbentea.com

Norben Tea & Exports Ltd is an India-based tea producing company. It is mainly engaged in the business of growing, manufacturing and marketing of tea.

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