Gajanand International (NSE:GAJANAND) ROCE % : 15.86% (As of Sep. 2024)

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What is Gajanand International 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. Gajanand International's annualized ROCE % for the quarter that ended in Sep. 2024 was 15.86%.

Gajanand International ROCE % Historical Data

The historical data trend for Gajanand International'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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Gajanand International ROCE % Chart

Gajanand International Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

13.42

31.06

29.47

Gajanand International Semi-Annual Data
	Mar22	Mar23	Sep23	Mar24	Sep24
ROCE %	-	-	43.23	23.05	15.86

Gajanand International ROCE % Calculation

Gajanand International'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 )
	=	39.966	/	( ( (190.058 - 103.838)	+	(393.11 - 208.054) )	/ 2 )
	=	39.966	/	( (86.22	+	185.056)	/ 2 )
	=	39.966	/	135.638
	=	29.47 %

Gajanand International'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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	45.22	/	( ( (393.11 - 208.054)	+	(448.445 - 63.126) )	/ 2 )
	=	45.22	/	( ( 185.056	+	385.319 )	/ 2 )
	=	45.22	/	285.1875
	=	15.86 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Gajanand International (NSE:GAJANAND) 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.

Gajanand International ROCE % Related Terms

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Gajanand International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gajanand International Ltd (NSE:GAJANAND) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jasdan-Atkot Road, Near Bypass Circle, Survey No. 1257/1266, Jasdan, Rajkot, GJ, IND, 360050

Website

https://www.gajanand-int.com

Gajanand International Ltd is engaged in producing contamination-free and sustainable cotton. It offers high-quality service to its consumers. Its products include MECH1 Cotton, SHANKAR6 Cotton, DCH 32, and Khol.

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