Vikas EcoTech (BOM:530961) ROCE % : 3.64% (As of Dec. 2023)

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What is Vikas EcoTech 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. Vikas EcoTech's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.64%.

Vikas EcoTech ROCE % Historical Data

The historical data trend for Vikas EcoTech'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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Vikas EcoTech ROCE % Chart

Vikas EcoTech Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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24.40

12.43

1.53

10.99

8.48

Vikas EcoTech 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															9.39	6.35	7.40	5.11	3.64

Vikas EcoTech ROCE % Calculation

Vikas EcoTech'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 )
	=	199.16	/	( ( (3443.692 - 1130.11)	+	(3425.956 - 1044.197) )	/ 2 )
	=	199.16	/	( (2313.582	+	2381.759)	/ 2 )
	=	199.16	/	2347.6705
	=	8.48 %

Vikas EcoTech'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 )
	=	123.772	/	( ( (3882.034 - 479.73)	+	(0 - 0) )	/ 1 )
	=	123.772	/	( ( 3402.304	+	0 )	/ 1 )
	=	123.772	/	3402.304
	=	3.64 %

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

Vikas EcoTech (BOM:530961) 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.

Vikas EcoTech ROCE % Related Terms

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Vikas EcoTech (BOM:530961) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vikas EcoTech Ltd (BOM:530961) » Definitions » ROCE %

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VIKASECO:India

Address

34/1, Vikas Apartments, East Punjabi Bagh, New Delhi, IND, 110026

Website

http://www.vikasecotech.com

Vikas EcoTech Ltd is a specialty chemicals company. The company is engaged in the business of manufacturing and distribution of specialty additives including agrochemicals and rubber-plastic and polymer compounds. The Company has identified three business segments which are Infra & Energy, Chemical, Polymers & Special Additives, Real Estate. Its polymer compounds offering includes thermoplastic rubber (TPR), thermoplastic elastomer (TPE), Ethylene Vinyl Acetate (EVA), impact modifiers, Polyethylene (PE), and Polypropylene (PP).

Vikas EcoTech (BOM:530961) Headlines

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