Madras Fertilizers (NSE:MADRASFERT) ROCE % : 101.94% (As of Sep. 2024)

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What is Madras Fertilizers 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. Madras Fertilizers's annualized ROCE % for the quarter that ended in Sep. 2024 was 101.94%.

Madras Fertilizers ROCE % Historical Data

The historical data trend for Madras Fertilizers'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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Madras Fertilizers ROCE % Chart

Madras Fertilizers Annual Data

Trend

Mar15

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Mar24

ROCE %

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Madras Fertilizers 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															-	-	-	-	101.94

Madras Fertilizers ROCE % Calculation

Madras Fertilizers'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 )
	=	764.9	/	( ( (18567.6 - 20186.2)	+	(20074.9 - 20412.5) )	/ 2 )
	=	764.9	/	( (-1618.6	+	-337.6)	/ 2 )
	=	764.9	/	-978.1
	=	-78.20 %

Madras Fertilizers'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 )
	=	731.2	/	( ( (0 - 0)	+	(20320.3 - 19603) )	/ 1 )
	=	731.2	/	( ( 0	+	717.3 )	/ 1 )
	=	731.2	/	717.3
	=	101.94 %

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

Madras Fertilizers (NSE:MADRASFERT) 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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Madras Fertilizers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Madras Fertilizers Ltd (NSE:MADRASFERT) » Definitions » ROCE %

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590134:India

Address

Post Bag No. 2, Manali, Chennai, TN, IND, 600068

Website

https://www.madrasfert.co.in

Madras Fertilizers Ltd is engaged in the manufacture of ammonia, urea, and complex fertilizers. It is also engaged in manufacturing bio-fertilizers and marketing fertilizers and agrochemicals under the brand name Vijay. The company operates through the manufacture and sale of fertilizers segment. It also provides biofertilizers, including Azospirillum for paddy, plantation crops, and other crops; Rhizobium for groundnuts and pulses; and Phosphor Bacteria and NP Bio for various crops.

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