Adinath Exim Resources (BOM:532056) ROCE % : 3.81% (As of Mar. 2024)

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What is Adinath Exim Resources 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. Adinath Exim Resources's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.81%.

Adinath Exim Resources ROCE % Historical Data

The historical data trend for Adinath Exim Resources'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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Adinath Exim Resources ROCE % Chart

Adinath Exim Resources Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.64

4.43

4.75

3.99

3.92

Adinath Exim Resources 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															4.80	4.15	4.06	3.66	3.81

Adinath Exim Resources ROCE % Calculation

Adinath Exim Resources'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 )
	=	7.409	/	( ( (174.904 - 0.12)	+	(203.545 - 0.003) )	/ 2 )
	=	7.409	/	( (174.784	+	203.542)	/ 2 )
	=	7.409	/	189.163
	=	3.92 %

Adinath Exim Resources'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 )
	=	7.76	/	( ( (0 - 0)	+	(203.545 - 0.003) )	/ 1 )
	=	7.76	/	( ( 0	+	203.542 )	/ 1 )
	=	7.76	/	203.542
	=	3.81 %

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

Adinath Exim Resources (BOM:532056) 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.

Adinath Exim Resources ROCE % Related Terms

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Adinath Exim Resources (BOM:532056) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Adinath Exim Resources Ltd (BOM:532056) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Opposite Iskon Mandir, Near Casalla Tower, 601, Astron Tower, Satellite, Ahmedabad, GJ, IND, 380015

Website

https://www.adinatheximresources.com

Adinath Exim Resources Ltd is a non-banking finance company. It is engaged in the business of financing and investment. The company also finances all types of lease operations.

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