Archean Chemical Industries (BOM:543657) ROCE % : 16.95% (As of Mar. 2024)

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What is Archean Chemical 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. Archean Chemical Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.95%.

Archean Chemical Industries ROCE % Historical Data

The historical data trend for Archean Chemical 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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Archean Chemical Industries ROCE % Chart

Archean Chemical Industries Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

8.92

18.20

31.61

41.42

24.87

Archean Chemical Industries Quarterly Data
	Mar20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								46.86	32.36	20.72	31.85	16.95

Archean Chemical Industries ROCE % Calculation

Archean Chemical 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 )
	=	4356.456	/	( ( (17554.334 - 1724.111)	+	(20558.643 - 1348.713) )	/ 2 )
	=	4356.456	/	( (15830.223	+	19209.93)	/ 2 )
	=	4356.456	/	17520.0765
	=	24.87 %

Archean Chemical Industries'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 )
	=	3256.848	/	( ( (0 - 0)	+	(20558.643 - 1348.713) )	/ 1 )
	=	3256.848	/	( ( 0	+	19209.93 )	/ 1 )
	=	3256.848	/	19209.93
	=	16.95 %

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

Archean Chemical Industries (BOM:543657) 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.

Archean Chemical Industries ROCE % Related Terms

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Archean Chemical Industries (BOM:543657) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Archean Chemical Industries Ltd (BOM:543657) » Definitions » ROCE %

Traded in Other Exchanges

ACI:India

Address

No. 2, North Crescent Road, T Nagar, Chennai, TN, IND, 600 017

Website

https://www.archeanchemicals.com

Archean Chemical Industries Ltd exporter of bromine and industrial salt. It is a specialty marine chemical manufacturer in India and is focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world.

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