Agarwal Fortune India (BOM:530765) ROCE % : 19.41% (As of Mar. 2024)

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What is Agarwal Fortune India 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. Agarwal Fortune India's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.41%.

Agarwal Fortune India ROCE % Historical Data

The historical data trend for Agarwal Fortune India'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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Agarwal Fortune India ROCE % Chart

Agarwal Fortune India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-24.81

-8.87

-59.52

27.36

21.45

Agarwal Fortune India 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															-31.46	-79.31	10.24	10.70	19.41

Agarwal Fortune India ROCE % Calculation

Agarwal Fortune India'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 )
	=	0.972	/	( ( (5 - 1.5)	+	(10.485 - 4.92) )	/ 2 )
	=	0.972	/	( (3.5	+	5.565)	/ 2 )
	=	0.972	/	4.5325
	=	21.45 %

Agarwal Fortune India'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 )
	=	1.08	/	( ( (0 - 0)	+	(10.485 - 4.92) )	/ 1 )
	=	1.08	/	( ( 0	+	5.565 )	/ 1 )
	=	1.08	/	5.565
	=	19.41 %

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

Agarwal Fortune India (BOM:530765) 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.

Agarwal Fortune India ROCE % Related Terms

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Agarwal Fortune India (BOM:530765) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Agarwal Fortune India Ltd. (BOM:530765) » Definitions » ROCE %

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Address

RIICO Industrial Area Ramchandrapura, F-2264, Third Floor, Shri Gopal Nagar, Jaipur, RJ, IND, 302022

Website

https://www.agarwalfortune.com

Agarwal Fortune India Ltd. focused on varied areas such as Export and Import Business, Mergers and Acquisitions, Joint Venture Agreements, E-Commerce, Design and Manufacturing of Glasses and Mirrors, Technical Services, Consultancy Services, and other services.

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