Growington Ventures India (BOM:539222) ROCE % : 11.04% (As of Mar. 2024)

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What is Growington Ventures India 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. Growington Ventures India's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.04%.

Growington Ventures India ROCE % Historical Data

The historical data trend for Growington Ventures India'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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Growington Ventures India ROCE % Chart

Growington Ventures India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-1.36

-5.23

0.48

14.38

12.66

Growington Ventures India Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															2.50	6.10	17.70	14.02	11.04

Growington Ventures India ROCE % Calculation

Growington Ventures India'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 )
	=	22.678	/	( ( (222.89 - 50.205)	+	(299.388 - 113.703) )	/ 2 )
	=	22.678	/	( (172.685	+	185.685)	/ 2 )
	=	22.678	/	179.185
	=	12.66 %

Growington Ventures India'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	20.378	/	( ( (229.289 - 45.718)	+	(299.388 - 113.703) )	/ 2 )
	=	20.378	/	( ( 183.571	+	185.685 )	/ 2 )
	=	20.378	/	184.628
	=	11.04 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Growington Ventures India (BOM:539222) 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.

Growington Ventures India ROCE % Related Terms

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Growington Ventures India (BOM:539222) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Growington Ventures India Ltd (BOM:539222) » Definitions » ROCE %

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Address

Shiv Chamber, 4th Floor, Plot No. 21, Sector – 11, CBD Belapur, Navi Mumbai, MH, IND, 400614

Website

http://www.growington.in

Growington Ventures India Ltd operates in the exporting & importing of Premium Quality Fruits. The company is principally engaged in wide portfolio of fruits like Apple, Green Apple, Orange & Mandarin, Pear, Kiwi, Dragon Fruit, Avocado, Red Globe Grapes, Plum, Nectarines, Peaches, Cherries, Blueberries, Grape Fruit, Mango Stem, Ram Bhutan, Longan, Dates, Tamarind and so on.

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