Dwarikesh Sugar Industries (NSE:DWARKESH) ROCE % : 24.27% (As of Mar. 2024)

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What is Dwarikesh Sugar Industries 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. Dwarikesh Sugar Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.27%.

Dwarikesh Sugar Industries ROCE % Historical Data

The historical data trend for Dwarikesh Sugar Industries'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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Dwarikesh Sugar Industries ROCE % Chart

Dwarikesh Sugar Industries Annual Data

Trend

Sep13

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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15.34

22.82

30.23

18.98

16.29

Dwarikesh Sugar Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															30.77	26.32	7.34	7.34	24.27

Dwarikesh Sugar Industries ROCE % Calculation

Dwarikesh Sugar Industries'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 )
	=	1641.153	/	( ( (12800.06 - 2982.663)	+	(14153.066 - 3827.094) )	/ 2 )
	=	1641.153	/	( (9817.397	+	10325.972)	/ 2 )
	=	1641.153	/	10071.6845
	=	16.29 %

Dwarikesh Sugar Industries's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	2506.368	/	( ( (0 - 0)	+	(14153.066 - 3827.094) )	/ 1 )
	=	2506.368	/	( ( 0	+	10325.972 )	/ 1 )
	=	2506.368	/	10325.972
	=	24.27 %

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

Dwarikesh Sugar Industries (NSE:DWARKESH) 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.

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Dwarikesh Sugar Industries (NSE:DWARKESH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dwarikesh Sugar Industries Ltd (NSE:DWARKESH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

532610:India

Address

511, Maker Chambers V, 221, Nariman Point, Mumbai, MH, IND, 400 021

Website

http://www.dwarikesh.com

Dwarikesh Sugar Industries Ltd is a multi-faceted, diversified industrial group engaged in the manufacture of the finest grains of sugar, as well as allied products. The business activity of the group functions through Sugar, Co-generation, and Distillery segments. The product portfolio of the group includes Sugar, ethanol, and Power products. Geographically, it derives revenue from India and the exports made to other countries.

Dwarikesh Sugar Industries (NSE:DWARKESH) Headlines

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