Greenchef Appliances (NSE:GREENCHEF) ROCE % : 9.48% (As of Mar. 2024)

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What is Greenchef Appliances 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. Greenchef Appliances's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.48%.

Greenchef Appliances ROCE % Historical Data

The historical data trend for Greenchef Appliances'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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Greenchef Appliances ROCE % Chart

Greenchef Appliances Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

7.13

8.77

6.72

21.72

9.48

Greenchef Appliances Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
ROCE %	7.13	8.77	6.72	21.72	9.48

Greenchef Appliances ROCE % Calculation

Greenchef Appliances'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 )
	=	111.8	/	( ( (1943 - 1011.2)	+	(2897.8 - 1472) )	/ 2 )
	=	111.8	/	( (931.8	+	1425.8)	/ 2 )
	=	111.8	/	1178.8
	=	9.48 %

Greenchef Appliances'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: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	111.8	/	( ( (1943 - 1011.2)	+	(2897.8 - 1472) )	/ 2 )
	=	111.8	/	( ( 931.8	+	1425.8 )	/ 2 )
	=	111.8	/	1178.8
	=	9.48 %

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

Greenchef Appliances (NSE:GREENCHEF) 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.

Greenchef Appliances ROCE % Related Terms

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Greenchef Appliances Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Greenchef Appliances Ltd (NSE:GREENCHEF) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Niduvanda Village, Sompura Hobli, Plot No. 246, Sompura 1st Stage, Sy No. 133 & 141, Nelemangala Taluk Devarahosahalli Nelamangala, Bengaluru, KA, IND, 562111

Website

https://www.greenchef.in

Greenchef Appliances Ltd is engaged in the business of manufacturing and marketing a wide range of kitchen appliances under the brand name Greenchef. The kitchen appliances of the company include a wide range of solutions comprising Gas Stoves, Pressure Cookers, Mixer Grinders, Wet Grinders, Electric Rice Cooker, Induction Cooktops, Non-stick Cookwares like Tawa, Fry Pans, Kadai, Biriyani Pot, Tadka Pan, Paniyarakkal, Appamchetty, etc, Kettles, Hose Pipes, Gas Cylinder Trolley and others. The products of the company are offered at different pricing points to meet diverse customer requirements.

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