Heritage Foods (BOM:519552) ROCE % : 23.47% (As of Dec. 2024)

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What is Heritage Foods 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. Heritage Foods's annualized ROCE % for the quarter that ended in Dec. 2024 was 23.47%.

Heritage Foods ROCE % Historical Data

The historical data trend for Heritage Foods'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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Heritage Foods ROCE % Chart

Heritage Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-13.30

33.02

19.31

11.10

17.21

Heritage Foods 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															17.96	23.35	33.34	26.67	23.47

Heritage Foods ROCE % Calculation

Heritage Foods'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 )
	=	1535.56	/	( ( (11250.17 - 3145.91)	+	(12810.99 - 3070.75) )	/ 2 )
	=	1535.56	/	( (8104.26	+	9740.24)	/ 2 )
	=	1535.56	/	8922.25
	=	17.21 %

Heritage Foods'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 )
	=	2511.64	/	( ( (13889.9 - 3188.5)	+	(0 - 0) )	/ 1 )
	=	2511.64	/	( ( 10701.4	+	0 )	/ 1 )
	=	2511.64	/	10701.4
	=	23.47 %

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

Heritage Foods (BOM:519552) 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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Heritage Foods Business Description

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HERITGFOOD:India

Address

Road No-1 & 65, Jubilee Hills, Road No-1 & 65, Jubilee Hills, Plot No. 1286, Hyderabad, TG, IND, 500033

Website

https://www.heritagefoods.in

Heritage Foods Ltd is engaged in the food-related and renewable energy business. The company's operating segments are Dairy Vertical, Renewable energy vertical, and Feed vertical. Dairy Vertical is engaged in the manufacturing and marketing of milk, curd, buttermilk, lassi, ice cream, paneer, table butter, milk powder, and others. Renewable energy vertical produces power for captive consumption through its solar and wind power plants, and the Feed vertical is engaged in the manufacturing of cattle and fish feeds. It generates a majority of its revenue from the Dairy Vertical segment. Geographically, the company derives a majority of its revenue from its business in India.

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