Dynemic Products (NSE:DYNPRO) ROCE % : 5.84% (As of Dec. 2023)

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What is Dynemic Products 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. Dynemic Products's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.84%.

Dynemic Products ROCE % Historical Data

The historical data trend for Dynemic Products'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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Dynemic Products ROCE % Chart

Dynemic Products Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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24.86

20.36

17.04

11.00

2.46

Dynemic Products Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															5.95	1.52	8.01	0.21	5.84

Dynemic Products ROCE % Calculation

Dynemic Products'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 )
	=	66.993	/	( ( (4145.888 - 1328.099)	+	(4122.347 - 1488.153) )	/ 2 )
	=	66.993	/	( (2817.789	+	2634.194)	/ 2 )
	=	66.993	/	2725.9915
	=	2.46 %

Dynemic Products's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	151.2	/	( ( (3975.659 - 1387.822)	+	(0 - 0) )	/ 1 )
	=	151.2	/	( ( 2587.837	+	0 )	/ 1 )
	=	151.2	/	2587.837
	=	5.84 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Dynemic Products (NSE:DYNPRO) 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.

Dynemic Products ROCE % Related Terms

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Dynemic Products (NSE:DYNPRO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Dynemic Products Ltd (NSE:DYNPRO) » Definitions » ROCE %

Comparable Companies

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532707:India

Address

Sarkhej-Gandhinagar Highway Road, B-301, Satyamev Complex-1, Opposite New Gujarat High Court, Sola, Ahmedabad, GJ, IND, 380060

Website

https://www.dynemic.com

Dynemic Products Ltd is an India-based food color manufacturing company. It is engaged in manufacturing and exporting food colors, lake colors, blended colors, FD&C colors, dyes, and dyes intermediates, salt-free dyes, D&C colors, and natural food colors. The reporting segment of the company is the manufacturing and marketing of Dyes and Dyes Intermediates. The group operates in India, and internationally.

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