Vivid Global Industries (BOM:524576) ROCE % : 2.91% (As of Dec. 2023)

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What is Vivid Global 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. Vivid Global Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.91%.

Vivid Global Industries ROCE % Historical Data

The historical data trend for Vivid Global 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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Vivid Global Industries ROCE % Chart

Vivid Global Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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45.42

13.57

16.33

12.66

-0.08

Vivid Global Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															3.56	-4.51	-7.33	14.23	2.91

Vivid Global Industries ROCE % Calculation

Vivid Global Industries's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-0.126	/	( ( (304.305 - 147.949)	+	(278.44 - 122.319) )	/ 2 )
	=	-0.126	/	( (156.356	+	156.121)	/ 2 )
	=	-0.126	/	156.2385
	=	-0.08 %

Vivid Global Industries's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	4.492	/	( ( (279.208 - 124.921)	+	(0 - 0) )	/ 1 )
	=	4.492	/	( ( 154.287	+	0 )	/ 1 )
	=	4.492	/	154.287
	=	2.91 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Vivid Global Industries (BOM:524576) 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.

Vivid Global Industries ROCE % Related Terms

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Vivid Global Industries (BOM:524576) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vivid Global Industries Ltd (BOM:524576) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o. Sumichem Corporation, Sir. P.M. Road, 1-D, Dhannur Building, Fort, Mumbai, MH, IND, 400 001

Website

https://www.vividglobalinds.com

Vivid Global Industries Ltd is engaged in the business of production of dye intermediates which include Tobias Acid, Sulpho Tobias Acid, and N-Methyl and J. Acid. Its only business segment includes dye intermediates and dyes. Reactive Dyes products include Reactive High Exhaust (He) Dyes, and Reactive Mild Exhaust (Me Dyes) (Bifunctional Dyes). The Direct and Acid Dyes include Direct Blacks, Blues, Greens, Reds, Violets, Oranges, Browns, and Yellow. Geographically, it derives a majority of its revenue from the Local Business.

Vivid Global Industries (BOM:524576) Headlines

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