Innova Captab (BOM:544067) ROCE % : 16.27% (As of Dec. 2024)

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What is Innova Captab 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. Innova Captab's annualized ROCE % for the quarter that ended in Dec. 2024 was 16.27%.

Innova Captab ROCE % Historical Data

The historical data trend for Innova Captab'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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Innova Captab ROCE % Chart

Innova Captab Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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97.81

40.57

41.81

31.29

20.34

Innova Captab Quarterly Data
	Mar19	Mar20	Mar21	Dec21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial									-	15.20	14.95	16.70	16.27

Innova Captab ROCE % Calculation

Innova Captab'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 )
	=	1507.26	/	( ( (7044.14 - 2775.5)	+	(13208.81 - 2654.81) )	/ 2 )
	=	1507.26	/	( (4268.64	+	10554)	/ 2 )
	=	1507.26	/	7411.32
	=	20.34 %

Innova Captab's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	1830.16	/	( ( (14345.47 - 3097.48)	+	(0 - 0) )	/ 1 )
	=	1830.16	/	( ( 11247.99	+	0 )	/ 1 )
	=	1830.16	/	11247.99
	=	16.27 %

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

Innova Captab (BOM:544067) 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.

Innova Captab ROCE % Related Terms

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Innova Captab Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Innova Captab Ltd (BOM:544067) » Definitions » ROCE %

Traded in Other Exchanges

INNOVACAP:India

Address

SCO No. 301, Sector 9, Second Floor, Panchkula, HR, IND, 134109

Website

https://www.innovacaptab.com

Innova Captab Ltd is an integrated pharmaceutical company in India and is engaged in research and development, manufacturing, drug distribution, and marketing and exports. Company business includes (i) a contract development and manufacturing organization ("CDMO") business providing manufacturing services to Indian pharmaceutical companies, (ii) a domestic branded generics business, and (iii) an international branded generics business.

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