Aarti Surfactants (BOM:543210) ROCE % : 13.88% (As of Mar. 2024)

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What is Aarti Surfactants 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. Aarti Surfactants's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.88%.

Aarti Surfactants ROCE % Historical Data

The historical data trend for Aarti Surfactants'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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Aarti Surfactants ROCE % Chart

Aarti Surfactants Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.51

16.90

8.26

12.80

16.84

Aarti Surfactants Quarterly Data
	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													15.72	17.01	19.44	19.91	13.88

Aarti Surfactants ROCE % Calculation

Aarti Surfactants'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 )
	=	462.224	/	( ( (4023.061 - 1463.527)	+	(4223.093 - 1292.134) )	/ 2 )
	=	462.224	/	( (2559.534	+	2930.959)	/ 2 )
	=	462.224	/	2745.2465
	=	16.84 %

Aarti Surfactants'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 )
	=	406.956	/	( ( (0 - 0)	+	(4223.093 - 1292.134) )	/ 1 )
	=	406.956	/	( ( 0	+	2930.959 )	/ 1 )
	=	406.956	/	2930.959
	=	13.88 %

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

Aarti Surfactants (BOM:543210) 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.

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Aarti Surfactants (BOM:543210) Business Description

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AARTISURF:India

Address

Mulund-Goregaon Link Road, 2nd Floor, Unit 202, Plot 71, Udyog Kshetra, L.B.S. Marg, Mulund (West), Mumbai, MH, IND, 400 080

Website

https://www.aarti-surfactants.com

Aarti Surfactants Ltd is the producer of ionic and non-ionic surfactants and specialty products, serving Home and Personal Care, Industrial Applications, and the Agro and Oil industries. The company's product portfolio includes Surfactants, Mild surfactants, Rheology modifiers, Pearlising agents, UV filters, Syndet and soap bases, and Active ingredients, as well as conditioning agents, blends, proteins, and quats. Geographically the group has a business presence in India and Outside India, of which a majority of its revenue is derived from India. The products of the group have application in consumer-centric personal care and home care products, including, inter alia, skin care, oral care, hair care, cosmetics, toiletries and detergent products.

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