Ambo Agritec (BOM:543678) ROCE % : 13.62% (As of Sep. 2023)

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What is Ambo Agritec 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. Ambo Agritec's annualized ROCE % for the quarter that ended in Sep. 2023 was 13.62%.

Ambo Agritec ROCE % Historical Data

The historical data trend for Ambo Agritec'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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Ambo Agritec ROCE % Chart

Ambo Agritec Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

23.16

22.64

40.43

18.45

Ambo Agritec Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Sep23
ROCE %	-	-	-	-	13.62

Ambo Agritec ROCE % Calculation

Ambo Agritec's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	27.344	/	( ( (255.375 - 176.914)	+	(390.411 - 172.398) )	/ 2 )
	=	27.344	/	( (78.461	+	218.013)	/ 2 )
	=	27.344	/	148.237
	=	18.45 %

Ambo Agritec's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	29.808	/	( ( (390.411 - 172.398)	+	(386.708 - 166.96) )	/ 2 )
	=	29.808	/	( ( 218.013	+	219.748 )	/ 2 )
	=	29.808	/	218.8805
	=	13.62 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Ambo Agritec (BOM:543678) 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.

Ambo Agritec ROCE % Related Terms

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Ambo Agritec (BOM:543678) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ambo Agritec Ltd (BOM:543678) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

3, Pretoria Street, Chandrakunj Building, 2nd Floor, Kolkata, WB, IND, 700071

Website

https://www.amboagritec.com

Ambo Agritec Ltd is primarily engaged in the business of manufacturing biscuits, outsourced manufacturing of edible oils, vanaspati, and bengali speciality products. In addition to this, the company is also engaged in trading crude linseed oil, and soya bean meal.

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