Organic Recycling Systems (BOM:543997) ROCE % : 4.92% (As of Sep. 2023)

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What is Organic Recycling Systems 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. Organic Recycling Systems's annualized ROCE % for the quarter that ended in Sep. 2023 was 4.92%.

Organic Recycling Systems ROCE % Historical Data

The historical data trend for Organic Recycling Systems'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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Organic Recycling Systems ROCE % Chart

Organic Recycling Systems Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

-27.98

-4.28

-5.64

8.76

Organic Recycling Systems Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Sep23
ROCE %	-	-	-	-	4.92

Organic Recycling Systems ROCE % Calculation

Organic Recycling Systems'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 )
	=	68.905	/	( ( (1066.935 - 468.734)	+	(1193.11 - 217.556) )	/ 2 )
	=	68.905	/	( (598.201	+	975.554)	/ 2 )
	=	68.905	/	786.8775
	=	8.76 %

Organic Recycling Systems'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 )
	=	61.31	/	( ( (1193.11 - 217.556)	+	(1708.506 - 192.368) )	/ 2 )
	=	61.31	/	( ( 975.554	+	1516.138 )	/ 2 )
	=	61.31	/	1245.846
	=	4.92 %

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

Organic Recycling Systems (BOM:543997) 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.

Organic Recycling Systems ROCE % Related Terms

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Organic Recycling Systems (BOM:543997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Organic Recycling Systems Ltd (BOM:543997) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 9, Sector-17, Office No. 1003, 10th Floor, The Affaires, Sanpada, Navi Mumbai, MH, IND, 400705

Website

https://www.organicrecycling.co.in

Organic Recycling Systems Ltd is an engineering company focused on environmental solutions and provides waste management solutions across waste types and across the value chain. The company has been a forerunner in providing sustainable waste management solutions in India. It primarily focuses on developing robust, cost-effective & environment-friendly technologies that are simple to operate. It has proven technology and capability of successfully running one of India's first Waste to Energy (WTE) plants developed on anaerobic bio methanation technology. It has also set up an MSW processing and disposal plant in Solapur, Maharashtra to convert Municipal Solid Waste (MSW) into electricity and compost.

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