Deepak Chemtex (BOM:544036) ROCE % : 33.10% (As of Sep. 2024)

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What is Deepak Chemtex 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. Deepak Chemtex's annualized ROCE % for the quarter that ended in Sep. 2024 was 33.10%.

Deepak Chemtex ROCE % Historical Data

The historical data trend for Deepak Chemtex'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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Deepak Chemtex ROCE % Chart

Deepak Chemtex Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

65.83

73.53

63.48

28.60

Deepak Chemtex Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			-	-	47.35	27.23	33.10

Deepak Chemtex ROCE % Calculation

Deepak Chemtex'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 )
	=	83.427	/	( ( (238.232 - 78.032)	+	(509.516 - 86.311) )	/ 2 )
	=	83.427	/	( (160.2	+	423.205)	/ 2 )
	=	83.427	/	291.7025
	=	28.60 %

Deepak Chemtex's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	151.212	/	( ( (509.516 - 86.311)	+	(670.418 - 180.07) )	/ 2 )
	=	151.212	/	( ( 423.205	+	490.348 )	/ 2 )
	=	151.212	/	456.7765
	=	33.10 %

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

Deepak Chemtex (BOM:544036) 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.

Deepak Chemtex ROCE % Related Terms

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Deepak Chemtex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Deepak Chemtex Ltd (BOM:544036) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8/7, Avenue Road, Nungambakkam, Chennai, TN, IND, 600034

Website

https://www.deepakchemtex.in

Deepak Chemtex Ltd is engaged in manufacturing colorants finding applications in Food, Drug, Cosmetics, Cleaning compounds, Agriculture, and other industries. Colorants are formulations of chemical intermediates, pigments, or dyes and additives used to add color to various consumables. It also manufactures salt-free dyes used in the inkjet industry, pond dyes used in ponds, lakes, swimming pools, etc, and other colorants used in car wash products, portable sanitation cleaners, detergent & soap, fuel, oil & lubricants, smoke, seed treatment, crop protection, fertilizer indicators, floral dyes, etc.

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