Tirupati Starch & Chemicals (BOM:524582) ROCE % : 29.99% (As of Dec. 2024)

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What is Tirupati Starch & Chemicals 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. Tirupati Starch & Chemicals's annualized ROCE % for the quarter that ended in Dec. 2024 was 29.99%.

Tirupati Starch & Chemicals ROCE % Historical Data

The historical data trend for Tirupati Starch & Chemicals'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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Tirupati Starch & Chemicals ROCE % Chart

Tirupati Starch & Chemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.53

6.59

15.60

14.19

9.54

Tirupati Starch & Chemicals 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															9.32	10.88	1.97	8.17	29.99

Tirupati Starch & Chemicals ROCE % Calculation

Tirupati Starch & Chemicals'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 )
	=	127.442	/	( ( (1691.226 - 548.968)	+	(2265.376 - 735.196) )	/ 2 )
	=	127.442	/	( (1142.258	+	1530.18)	/ 2 )
	=	127.442	/	1336.219
	=	9.54 %

Tirupati Starch & Chemicals'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 )
	=	451.18	/	( ( (2144.713 - 640.163)	+	(0 - 0) )	/ 1 )
	=	451.18	/	( ( 1504.55	+	0 )	/ 1 )
	=	451.18	/	1504.55
	=	29.99 %

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

Tirupati Starch & Chemicals (BOM:524582) 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.

Tirupati Starch & Chemicals ROCE % Related Terms

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Tirupati Starch & Chemicals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tirupati Starch & Chemicals Ltd (BOM:524582) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

12, Agrawal Nagar, Main Road, Shreeram Chambers, 1st Floor, Indore, MP, IND, 452001

Website

http://www.tirupatistarch.com

Tirupati Starch & Chemicals Ltd operates in the starch industry. The company is engaged in developing, manufacturing, and distribution of Maize Starch Powder, Dextrose Anhydrous, Starch, White Dextrin, and Yellow Dextrin as its main products and its by-products in local as well as international markets.

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