Fineotex Chemical (NSE:FCL) ROCE % : 23.29% (As of Sep. 2024)

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What is Fineotex Chemical 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. Fineotex Chemical's annualized ROCE % for the quarter that ended in Sep. 2024 was 23.29%.

Fineotex Chemical ROCE % Historical Data

The historical data trend for Fineotex Chemical'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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Fineotex Chemical ROCE % Chart

Fineotex Chemical Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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12.93

28.46

30.10

36.69

38.87

Fineotex Chemical 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															39.78	42.95	35.39	33.03	23.29

Fineotex Chemical ROCE % Calculation

Fineotex Chemical'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 )
	=	1588.987	/	( ( (4226.989 - 638.418)	+	(5481.531 - 894.12) )	/ 2 )
	=	1588.987	/	( (3588.571	+	4587.411)	/ 2 )
	=	1588.987	/	4087.991
	=	38.87 %

Fineotex Chemical'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 )
	=	1636.8	/	( ( (0 - 0)	+	(7660.364 - 632.148) )	/ 1 )
	=	1636.8	/	( ( 0	+	7028.216 )	/ 1 )
	=	1636.8	/	7028.216
	=	23.29 %

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

Fineotex Chemical (NSE:FCL) 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.

Fineotex Chemical ROCE % Related Terms

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Fineotex Chemical Business Description

Industry

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Comparable Companies

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533333:India

Address

S. V. Road, 4th Floor, 42/43, Manorama Chambers, Bandra (west), Mumbai, MH, IND, 400 050

Website

https://www.fineotex.com

Fineotex Chemical Ltd is an Indian company engaged in the manufacture of Textile chemicals, auxiliaries, and specialty chemicals. Some of its products include Benzalkonium Chloride (BKC); Barite; Hematite; Magnesium Chloride; Calcium Chloride; DOSS (Dioctyl Sodium Sulfosuccinate) and others. Geographically, it sells its products in India and also exports them, from which it derives a majority of its revenue within India.

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