Riddhi Siddhi Gluco Biols (BOM:524480) ROCE % : 4.11% (As of Dec. 2024)

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What is Riddhi Siddhi Gluco Biols 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. Riddhi Siddhi Gluco Biols's annualized ROCE % for the quarter that ended in Dec. 2024 was 4.11%.

Riddhi Siddhi Gluco Biols ROCE % Historical Data

The historical data trend for Riddhi Siddhi Gluco Biols'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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Riddhi Siddhi Gluco Biols ROCE % Chart

Riddhi Siddhi Gluco Biols Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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3.55

0.45

4.31

3.52

4.73

Riddhi Siddhi Gluco Biols 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															5.09	2.56	4.43	6.08	4.11

Riddhi Siddhi Gluco Biols ROCE % Calculation

Riddhi Siddhi Gluco Biols'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 )
	=	735.468	/	( ( (16921.008 - 1895.378)	+	(17736.909 - 1676.842) )	/ 2 )
	=	735.468	/	( (15025.63	+	16060.067)	/ 2 )
	=	735.468	/	15542.8485
	=	4.73 %

Riddhi Siddhi Gluco Biols'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 )
	=	692.244	/	( ( (18854.487 - 2023.076)	+	(0 - 0) )	/ 1 )
	=	692.244	/	( ( 16831.411	+	0 )	/ 1 )
	=	692.244	/	16831.411
	=	4.11 %

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

Riddhi Siddhi Gluco Biols (BOM:524480) 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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Riddhi Siddhi Gluco Biols Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Riddhi Siddhi Gluco Biols Ltd (BOM:524480) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Ambali - Bopal Road, 10, Abhishree Corporate Park, Near Swagat Bunglows BRTS Bus Stop, Ambali, Ahmedabad, GJ, IND, 380 058

Website

https://www.riddhisiddhi.co.in

Riddhi Siddhi Gluco Biols Ltd is engaged in the business of generating and selling power through windmills and trading of agriculture and metal commodity items. The company operates in various business segments that include Wind Energy Generation and Commodity Trading Business. The company generates a majority of its revenue from the Trading business, which represents the income generated from the sale of agricultural commodities. Geographically, it derives key revenue from India.

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