Heubach Colorants India (NSE:HEUBACHIND) ROCE % : 7.37% (As of Mar. 2024)

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What is Heubach Colorants India 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. Heubach Colorants India's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.37%.

Heubach Colorants India ROCE % Historical Data

The historical data trend for Heubach Colorants India'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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Heubach Colorants India ROCE % Chart

Heubach Colorants India Annual Data

Trend

Dec14

Dec15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.71

56.74

11.79

9.21

12.17

Heubach Colorants India 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															11.03	19.15	14.43	7.52	7.37

Heubach Colorants India ROCE % Calculation

Heubach Colorants India'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 )
	=	581.9	/	( ( (6617.342 - 2162.898)	+	(7255 - 2148.9) )	/ 2 )
	=	581.9	/	( (4454.444	+	5106.1)	/ 2 )
	=	581.9	/	4780.272
	=	12.17 %

Heubach Colorants India'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 )
	=	376.4	/	( ( (0 - 0)	+	(7255 - 2148.9) )	/ 1 )
	=	376.4	/	( ( 0	+	5106.1 )	/ 1 )
	=	376.4	/	5106.1
	=	7.37 %

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

Heubach Colorants India (NSE:HEUBACHIND) 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.

Heubach Colorants India ROCE % Related Terms

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Heubach Colorants India (NSE:HEUBACHIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Heubach Colorants India Ltd (NSE:HEUBACHIND) » Definitions » ROCE %

Comparable Companies

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506390:India

Address

D-33, MIDC Road, TTC Industrial Area, Rupa Renaissance, B Wing, 25th Floor, Juinagar, Navi Mumbai, MH, IND, 400 705

Website

https://www.heubach.com

Heubach Colorants India Ltd is engaged in the manufacturing and selling of Specialty Chemicals. It Enables coatings, plastics, inks, and specialty companies to deliver stellar products to their customers. Its products include A-Z of Heubach, Product Finder, Formulation Guide for Corrosion Protection, and Formulation Guide for Automotive Coatings. Its applications include Coatings, Corrosion Protection, Plastics, Printing & Digital Printing, and Special Applications.

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