Apex Frozen Foods (NSE:APEX) ROCE % : 0.62% (As of Sep. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Apex Frozen Foods 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. Apex Frozen Foods's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.62%.

Apex Frozen Foods ROCE % Historical Data

The historical data trend for Apex Frozen Foods'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.

* Premium members only.

Apex Frozen Foods ROCE % Chart

Apex Frozen Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

22.97

16.93

14.91

12.81

5.67

Apex Frozen Foods Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															10.99	4.25	0.80	5.71	0.62

Apex Frozen Foods ROCE % Calculation

Apex Frozen Foods'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 )
	=	287.238	/	( ( (6139.91 - 1139.382)	+	(6333.137 - 1205.564) )	/ 2 )
	=	287.238	/	( (5000.528	+	5127.573)	/ 2 )
	=	287.238	/	5064.0505
	=	5.67 %

Apex Frozen Foods'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	31.416	/	( ( (0 - 0)	+	(6496.909 - 1410.63) )	/ 1 )
	=	31.416	/	( ( 0	+	5086.279 )	/ 1 )
	=	31.416	/	5086.279
	=	0.62 %

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

Apex Frozen Foods (NSE:APEX) 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.

Apex Frozen Foods ROCE % Related Terms

Thank you for viewing the detailed overview of Apex Frozen Foods's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Apex Frozen Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Apex Frozen Foods Ltd (NSE:APEX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

540692:India

Address

Panasapadu, No. 3 - 160, East Godavari District, Kakinada, AP, IND, 533 005

Website

https://www.apexfrozenfoods.in

Apex Frozen Foods Ltd is a producer and exporter of shelf-stable quality aquaculture products. The company supplies ready-to-cook products to food companies, retail chains, restaurants, club stores, and distributors spread across the developed markets of the USA and various European countries. It produces two kinds of shrimp namely the Whiteleg shrimp (Litopenaeus Vannamei) and the Black Tiger Shrimp (Penaeus Monodon). These products are sold under the brands of Bay Fresh, Bay Harvest, and BayPremium.