Ecoboard Industries (BOM:523732) ROCE % : -143.81% (As of Dec. 2024)

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What is Ecoboard 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. Ecoboard Industries's annualized ROCE % for the quarter that ended in Dec. 2024 was -143.81%.

Ecoboard Industries ROCE % Historical Data

The historical data trend for Ecoboard 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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Ecoboard Industries ROCE % Chart

Ecoboard Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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72.56

34.93

6.55

-6.63

-19.50

Ecoboard Industries 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															-0.75	-32.05	-16.04	-45.79	-143.81

Ecoboard Industries ROCE % Calculation

Ecoboard 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 )
	=	-67.809	/	( ( (622.004 - 190.189)	+	(561.495 - 297.658) )	/ 2 )
	=	-67.809	/	( (431.815	+	263.837)	/ 2 )
	=	-67.809	/	347.826
	=	-19.50 %

Ecoboard Industries'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 )
	=	-322.68	/	( ( (508.66 - 284.281)	+	(0 - 0) )	/ 1 )
	=	-322.68	/	( ( 224.379	+	0 )	/ 1 )
	=	-322.68	/	224.379
	=	-143.81 %

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

Ecoboard Industries (BOM:523732) 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.

Ecoboard Industries ROCE % Related Terms

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Ecoboard Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Ecoboard Industries Ltd (BOM:523732) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Karve Road, 65/1A, Ecohouse, Akarshak Building, Opposite Nal Stop, Pune, MH, IND, 411004

Website

https://www.ecoboard.in

Ecoboard Industries Ltd manufactures and sells laminated particle boards in India. It has two business divisions: EcoBuild and EcoEnergy. The company's EcoBuild division is engaged in providing particle boards made from agri-residues mainly bagasse which have application in internal walls, internal ceilings, doors, structural flooring, shelves, etc. Its EcoEnergy division is engaged in providing clean energy solutions through wastewater treatment plants for distilleries and other industries. The company's particle boards are marketed under the brand name of Ecoboard. The firm has the following reportable segments; the Eco Energy (Bio Systems) segment which derives maximum revenue, and the Eco Build (Particle Boards) segment.

Ecoboard Industries Headlines

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