Laxmi Organic Industries (BOM:543277) ROCE % : 9.99% (As of Dec. 2024)

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What is Laxmi Organic Industries 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. Laxmi Organic Industries's annualized ROCE % for the quarter that ended in Dec. 2024 was 9.99%.

Laxmi Organic Industries ROCE % Historical Data

The historical data trend for Laxmi Organic Industries'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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Laxmi Organic Industries ROCE % Chart

Laxmi Organic Industries Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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17.04

21.53

27.79

12.69

10.05

Laxmi Organic Industries 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															7.48	13.82	11.84	10.93	9.99

Laxmi Organic Industries ROCE % Calculation

Laxmi Organic Industries'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 )
	=	1768.7	/	( ( (24122.01 - 8301.19)	+	(28272.21 - 8911.28) )	/ 2 )
	=	1768.7	/	( (15820.82	+	19360.93)	/ 2 )
	=	1768.7	/	17590.875
	=	10.05 %

Laxmi Organic Industries'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 )
	=	1968.44	/	( ( (28279.82 - 8568.72)	+	(0 - 0) )	/ 1 )
	=	1968.44	/	( ( 19711.1	+	0 )	/ 1 )
	=	1968.44	/	19711.1
	=	9.99 %

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

Laxmi Organic Industries (BOM:543277) 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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Laxmi Organic Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Laxmi Organic Industries Ltd (BOM:543277) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

LXCHEM:India

Address

Chandermukhi Building, 2nd and 3rd Floor, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.laxmi.com

Laxmi Organic Industries Ltd is a specialty chemical manufacturer. Its operating divisions are chemical business and power generation. The company is predominantly engaged in specialty chemical manufacturing focused on two key segments: Acetyl Intermediates and Speciality Intermediates derivative products. Geographically, the company generates a majority of its revenue from India.

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