Indong Tea Co (BOM:543769) ROCE % : -11.85% (As of Mar. 2024)

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What is Indong Tea Co 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. Indong Tea Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -11.85%.

Indong Tea Co ROCE % Historical Data

The historical data trend for Indong Tea Co'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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Indong Tea Co ROCE % Chart

Indong Tea Co Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

2.12

8.57

2.97

4.35

-0.65

Indong Tea Co Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			-	13.30	-1.85	10.06	-11.85

Indong Tea Co ROCE % Calculation

Indong Tea Co'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 )
	=	-3.837	/	( ( (647.846 - 32.159)	+	(659.736 - 96.713) )	/ 2 )
	=	-3.837	/	( (615.687	+	563.023)	/ 2 )
	=	-3.837	/	589.355
	=	-0.65 %

Indong Tea Co'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-68.538	/	( ( (697.493 - 103.57)	+	(659.736 - 96.713) )	/ 2 )
	=	-68.538	/	( ( 593.923	+	563.023 )	/ 2 )
	=	-68.538	/	578.473
	=	-11.85 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Indong Tea Co (BOM:543769) 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.

Indong Tea Co ROCE % Related Terms

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Indong Tea Co (BOM:543769) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Indong Tea Co Ltd (BOM:543769) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4/1, Middleton Street, Sikkim Commerce House, Kolkata, WB, IND, 700071

Website

https://www.indongteaco.com

Indong Tea Co Ltd is engaged in the manufacturing of Tea. Its product portfolio includes CTC (Crush/Cut, Tear, Curl) / Black Tea, and Dairy Unit.

Indong Tea Co (BOM:543769) Headlines

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