Aries Agro (BOM:532935) ROCE % : 20.00% (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Aries Agro 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. Aries Agro's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.00%.

Aries Agro ROCE % Historical Data

The historical data trend for Aries Agro'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.

* Premium members only.

Aries Agro ROCE % Chart

Aries Agro Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

18.28

17.42

20.76

17.46

17.43

Aries Agro 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															18.33	-6.25	15.60	36.08	20.00

Aries Agro ROCE % Calculation

Aries Agro'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 )
	=	470.806	/	( ( (5090.396 - 2510.308)	+	(5198.443 - 2377.423) )	/ 2 )
	=	470.806	/	( (2580.088	+	2821.02)	/ 2 )
	=	470.806	/	2700.554
	=	17.43 %

Aries Agro'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 )
	=	607.104	/	( ( (5455.945 - 2420.389)	+	(0 - 0) )	/ 1 )
	=	607.104	/	( ( 3035.556	+	0 )	/ 1 )
	=	607.104	/	3035.556
	=	20.00 %

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

Aries Agro (BOM:532935) 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.

Aries Agro ROCE % Related Terms

Thank you for viewing the detailed overview of Aries Agro's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Aries Agro (BOM:532935) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Aries Agro Ltd (BOM:532935) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ARIES:India

Address

Aries House, Plot Number 24, Deonar, Govandi (East), Mumbai, MH, IND, 400043

Website

https://www.ariesagro.com

Aries Agro Ltd is involved in the business of manufacturing of micronutrients and other customized nutritional products for plants and animals. The organization has only one business segment, Agri inputs. The company also deals in Veterinary products on a small scale. It has also started dealing and manufacturing Soluble fertilizers and Sulphur based fertilizers. Some of the products produced by the company are agromin soil application, ASA max powder, ASA granules, Chelamin, macrofert, chelacop, and fishmin.

Aries Agro (BOM:532935) Headlines

No Headlines