TGIF Agribusiness (BOM:544175) ROCE % : 34.19% (As of Sep. 2024)

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What is TGIF Agribusiness 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. TGIF Agribusiness's annualized ROCE % for the quarter that ended in Sep. 2024 was 34.19%.

TGIF Agribusiness ROCE % Historical Data

The historical data trend for TGIF Agribusiness'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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TGIF Agribusiness ROCE % Chart

TGIF Agribusiness Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

15.09

76.97

117.73

TGIF Agribusiness Semi-Annual Data
	Mar21	Mar22	Mar23	Sep24
ROCE %	-	-	-	34.19

TGIF Agribusiness ROCE % Calculation

TGIF Agribusiness'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 )
	=	13.051	/	( ( (6.533 - 1.951)	+	(18.752 - 1.163) )	/ 2 )
	=	13.051	/	( (4.582	+	17.589)	/ 2 )
	=	13.051	/	11.0855
	=	117.73 %

TGIF Agribusiness'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. 2023 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2023 )		(Q: Sep. 2024 )
	=	19.996	/	( ( (18.752 - 1.163)	+	(101.794 - 2.402) )	/ 2 )
	=	19.996	/	( ( 17.589	+	99.392 )	/ 2 )
	=	19.996	/	58.4905
	=	34.19 %

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

TGIF Agribusiness (BOM:544175) 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.

TGIF Agribusiness ROCE % Related Terms

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TGIF Agribusiness Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » TGIF Agribusiness Ltd (BOM:544175) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

A/52, Fairy Society, 5th Floor, Corporate House, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.tgifagri.com

TGIF Agribusiness Ltd is majorly a horticulture company engaged in open farming of certain fruits and vegetables. It is engaged in the farming of pomegranate and also engaged in the farming and cultivation of dragon fruits and Sagwan trees.

TGIF Agribusiness Headlines

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