Amrita Global Development (FRA:5Q3) ROCE % : 27.29% (As of Jun. 2023)

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What is Amrita Global Development 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. Amrita Global Development's annualized ROCE % for the quarter that ended in Jun. 2023 was 27.29%.

Amrita Global Development ROCE % Historical Data

The historical data trend for Amrita Global Development'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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Amrita Global Development ROCE % Chart

Amrita Global Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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29.07

27.86

19.72

2.96

11.20

Amrita Global Development Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial														-10.09	15.82	12.02	10.51	27.29

Amrita Global Development ROCE % Calculation

Amrita Global Development's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	16.71	/	( ( (179.971 - 35.504)	+	(185.842 - 31.864) )	/ 2 )
	=	16.71	/	( (144.467	+	153.978)	/ 2 )
	=	16.71	/	149.2225
	=	11.20 %

Amrita Global Development's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	42.792	/	( ( (185.842 - 31.864)	+	(195.579 - 35.896) )	/ 2 )
	=	42.792	/	( ( 153.978	+	159.683 )	/ 2 )
	=	42.792	/	156.8305
	=	27.29 %

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

Amrita Global Development (FRA:5Q3) 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.

Amrita Global Development ROCE % Related Terms

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Amrita Global Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Amrita Global Development Ltd (FRA:5Q3) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Middle Phoenix Street, Hedong District, Shandong Province, Linyi, CHN

Website

https://www.tianyuninternational.com

Tianyun International Holdings Ltd is an investment holding company, which engages in the manufacture, process, and trade of fruits in the People's Republic of China and internationally. The company provides processed fruit products packaged in metal containers, plastic cups, glass containers and aluminium foil bags; the production and sales of beverage products; and trading of fresh fruit. Processed fruit products are sold under its own brands Bingo Time, Tiantong Times and fruit zz. Beverage products are sold under its own brand Shiok Party. Its segment includes manufacturing and trading of fresh fruits and processed fruit products.

Amrita Global Development Headlines

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