Radha Madhav (BOM:532692) ROCE % : 684.04% (As of Mar. 2024)

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What is Radha Madhav 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. Radha Madhav's annualized ROCE % for the quarter that ended in Mar. 2024 was 684.04%.

Radha Madhav ROCE % Historical Data

The historical data trend for Radha Madhav'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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Radha Madhav ROCE % Chart

Radha Madhav Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-271.28

644.33

Radha Madhav Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	684.04

Radha Madhav ROCE % Calculation

Radha Madhav'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 )
	=	25.87	/	( ( (293.49 - 304.88)	+	(247.63 - 228.21) )	/ 2 )
	=	25.87	/	( (-11.39	+	19.42)	/ 2 )
	=	25.87	/	4.015
	=	644.33 %

Radha Madhav'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 )
	=	132.84	/	( ( (0 - 0)	+	(247.63 - 228.21) )	/ 1 )
	=	132.84	/	( ( 0	+	19.42 )	/ 1 )
	=	132.84	/	19.42
	=	684.04 %

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

Radha Madhav (BOM:532692) 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.

Radha Madhav ROCE % Related Terms

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Radha Madhav (BOM:532692) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Radha Madhav Corp Ltd (BOM:532692) » Definitions » ROCE %

Comparable Companies

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RMCL:India

Address

Survey No. 50/9/A, Daman Industrial Estate, Village Kadaiya, Nani Daman, Daman and Diu, IND, 396210

Website

https://www.rmclindia.co.in

Radha Madhav Corp Ltd is an India based multi-material, multi-process, multi-product packaging solutions provider. It is engaged in manufacturing variants of multilayered and functional films, providing packaging solutions in food, dairy, and pharmaceutical segments. Its principal business activities include manufacturing of plastics packaging products, such as film sheet, and other retail sales not in stores, stalls or markets. The company operates in a two segments such as Consumer and Other and Packaging Division and It generates revenue from the Consumer Division.

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