Godrej Agrovet (NSE:GODREJAGRO) ROCE % : 12.86% (As of Mar. 2024)

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What is Godrej Agrovet 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. Godrej Agrovet's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.86%.

Godrej Agrovet ROCE % Historical Data

The historical data trend for Godrej Agrovet'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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Godrej Agrovet ROCE % Chart

Godrej Agrovet Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.05

18.74

20.90

15.75

17.54

Godrej Agrovet 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															6.38	22.12	20.52	15.45	12.86

Godrej Agrovet ROCE % Calculation

Godrej Agrovet'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 )
	=	5805.2	/	( ( (54859.5 - 23779.8)	+	(57032.7 - 21929.7) )	/ 2 )
	=	5805.2	/	( (31079.7	+	35103)	/ 2 )
	=	5805.2	/	33091.35
	=	17.54 %

Godrej Agrovet'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 )
	=	4514.8	/	( ( (0 - 0)	+	(57032.7 - 21929.7) )	/ 1 )
	=	4514.8	/	( ( 0	+	35103 )	/ 1 )
	=	4514.8	/	35103
	=	12.86 %

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

Godrej Agrovet (NSE:GODREJAGRO) 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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Godrej Agrovet (NSE:GODREJAGRO) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Godrej Agrovet Ltd (NSE:GODREJAGRO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

540743:India

Address

Eastern Express Highway, Godrej One, 3rd Floor, Pirojshanagar, Vikhroli (East), Mumbai, MH, IND, 400 079

Website

https://www.godrejagrovet.com

Godrej Agrovet Ltd is an India-based company engaged in the manufacturing and marketing of animal feed, agricultural inputs, palm oil, and allied products. It operates through the following business divisions: Animal Feed, Crop Protection, Vegetable Oil, Real Estate Business, and Other business segments which include Seed Business and Energy Generation through Windmills. The key revenue is derived from the Animal Feed business segment. The company offers animal feed such as cattle, poultry, aqua, and specialty feed, as well as on-farm technical support services.

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