Freshtrop Fruits (BOM:530077) ROCE % : -1.44% (As of Mar. 2024)

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What is Freshtrop Fruits 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. Freshtrop Fruits's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.44%.

Freshtrop Fruits ROCE % Historical Data

The historical data trend for Freshtrop Fruits'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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Freshtrop Fruits ROCE % Chart

Freshtrop Fruits Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.08

16.63

12.21

6.46

-5.03

Freshtrop Fruits Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															16.56	79.13	-0.24	-17.54	-1.44

Freshtrop Fruits ROCE % Calculation

Freshtrop Fruits'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 )
	=	-59.851	/	( ( (1670.745 - 746.958)	+	(1619.539 - 162.453) )	/ 2 )
	=	-59.851	/	( (923.787	+	1457.086)	/ 2 )
	=	-59.851	/	1190.4365
	=	-5.03 %

Freshtrop Fruits's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-20.96	/	( ( (0 - 0)	+	(1619.539 - 162.453) )	/ 1 )
	=	-20.96	/	( ( 0	+	1457.086 )	/ 1 )
	=	-20.96	/	1457.086
	=	-1.44 %

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

Freshtrop Fruits (BOM:530077) 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.

Freshtrop Fruits ROCE % Related Terms

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Freshtrop Fruits (BOM:530077) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Freshtrop Fruits Ltd (BOM:530077) » Definitions » ROCE %

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Address

S. G. Road, A-603, Shapath IV, Opposite Karnavati Club, Ahmedabad, GJ, IND, 380015

Website

https://www.freshtrop.com

Freshtrop Fruits Ltd is an India-based company engaged in the export of fresh fruits and processed fruits and vegetables with its business base in India. The company operates in two segments, Fresh Fruits and Processed fruits and vegetables. The Fresh Fruits segment, which is the key revenue driver, supplies fresh grapes, pomegranates, and mangoes. The Processed fruits and vegetables segment supplies mango pulp, guava pulp, pomegranate concentrate, tomato paste, and puree and cold processed juice. Geographically, it has operations in India as well as outside India; of which the majority of revenue is derived from customers outside India.

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