Zeal Aqua (BOM:539963) ROCE % : 46.68% (As of Dec. 2024)

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What is Zeal Aqua 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. Zeal Aqua's annualized ROCE % for the quarter that ended in Dec. 2024 was 46.68%.

Zeal Aqua ROCE % Historical Data

The historical data trend for Zeal Aqua'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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Zeal Aqua ROCE % Chart

Zeal Aqua Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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23.91

22.31

18.21

20.88

21.52

Zeal Aqua Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															24.71	26.25	17.50	23.90	46.68

Zeal Aqua ROCE % Calculation

Zeal Aqua'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 )
	=	230.127	/	( ( (2698.491 - 1685.487)	+	(2953.873 - 1827.754) )	/ 2 )
	=	230.127	/	( (1013.004	+	1126.119)	/ 2 )
	=	230.127	/	1069.5615
	=	21.52 %

Zeal Aqua's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	568.732	/	( ( (3921.749 - 2703.441)	+	(0 - 0) )	/ 1 )
	=	568.732	/	( ( 1218.308	+	0 )	/ 1 )
	=	568.732	/	1218.308
	=	46.68 %

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

Zeal Aqua (BOM:539963) 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.

Zeal Aqua ROCE % Related Terms

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Zeal Aqua Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zeal Aqua Ltd (BOM:539963) » Definitions » ROCE %

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Address

Block No. 347, Taluka Olpad, Village Orma, Surat, GJ, IND, 394540

Website

https://www.zealaqua.com

Zeal Aqua Ltd is an Indian company that is mainly engaged in shrimp farming, processing and trading, the operation of fish hatcheries and fish farms, and other service activities incidental to fishing. Its segments are Shrimp medicines and feeds, Shrimp Farming, and Shrimp processing. Its products are tiger shrimp, vannamei shrimp and shrimp feed, and medicines.

Zeal Aqua Headlines

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