Naraingarh Sugar Mills (BOM:531457) ROCE % : 0.00% (As of Dec. 2023)

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What is Naraingarh Sugar Mills 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. Naraingarh Sugar Mills's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Naraingarh Sugar Mills ROCE % Historical Data

The historical data trend for Naraingarh Sugar Mills'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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Naraingarh Sugar Mills ROCE % Chart

Naraingarh Sugar Mills Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

ROCE %

5.45

-5.69

2.00

-7.57

Naraingarh Sugar Mills Quarterly Data
	Mar17	Mar18	Mar19	Mar20	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial			-	-	-	-4.63	-

Naraingarh Sugar Mills ROCE % Calculation

Naraingarh Sugar Mills's annualized ROCE % for the fiscal year that ended in Mar. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	-125.671	/	( ( (3984.596 - 2139.295)	+	(3989.165 - 2515.147) )	/ 2 )
	=	-125.671	/	( (1845.301	+	1474.018)	/ 2 )
	=	-125.671	/	1659.6595
	=	-7.57 %

Naraingarh Sugar Mills'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-164.448	/	( ( (0 - 0)	+	(0 - 0) )	/ 1 )
	=	-164.448	/	( ( 0	+	0 )	/ 1 )
	=	-164.448	/	0
	=	0 %

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

Naraingarh Sugar Mills (BOM:531457) 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.

Naraingarh Sugar Mills ROCE % Related Terms

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Naraingarh Sugar Mills (BOM:531457) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Naraingarh Sugar Mills Ltd (BOM:531457) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Village Banondi, P.O. Shahzadpur, Tehsil Naraingarh, Ambala, HR, IND, 133001

Website

http://www.naraingarhsugarmillsltd.com

Naraingarh Sugar Mills Ltd is engaged in the business of manufacturing white crystal sugar and by-products. It earns revenues from the sales of sugar, molasses, power, press mud, and bagasse.

Naraingarh Sugar Mills (BOM:531457) Headlines

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