Ramdevbaba Solvent (NSE:RBS) ROCE % : 28.98% (As of Mar. 2023)

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What is Ramdevbaba Solvent 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. Ramdevbaba Solvent's annualized ROCE % for the quarter that ended in Mar. 2023 was 28.98%.

Ramdevbaba Solvent ROCE % Historical Data

The historical data trend for Ramdevbaba Solvent'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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Ramdevbaba Solvent ROCE % Chart

Ramdevbaba Solvent Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

27.36

26.16

28.98

Ramdevbaba Solvent Semi-Annual Data
	Mar21	Mar22	Mar23
ROCE %	27.36	26.16	28.98

Ramdevbaba Solvent ROCE % Calculation

Ramdevbaba Solvent's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	228.785	/	( ( (1313.486 - 668.683)	+	(1906.261 - 972.139) )	/ 2 )
	=	228.785	/	( (644.803	+	934.122)	/ 2 )
	=	228.785	/	789.4625
	=	28.98 %

Ramdevbaba Solvent's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	228.785	/	( ( (1313.486 - 668.683)	+	(1906.261 - 972.139) )	/ 2 )
	=	228.785	/	( ( 644.803	+	934.122 )	/ 2 )
	=	228.785	/	789.4625
	=	28.98 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Ramdevbaba Solvent (NSE:RBS) 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.

Ramdevbaba Solvent ROCE % Related Terms

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Ramdevbaba Solvent Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ramdevbaba Solvent Ltd (NSE:RBS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Central Avenue Road, Honey Arjun Kaushalya Tower, 2nd Floor, Block No. 205 and 206, Telephone Exchange Chowk, Near HDFC Bank, Nagpur, MH, IND, 440008

Website

https://www.ramdevbabasol.com

Ramdevbaba Solvent Ltd is engaged in the business of manufacturing, distribution, marketing and selling of Physically Refined Rice Bran Oil. It manufactures and sells Rice Bran Oil to FMCG companies. The company manufactures Rice Bran Oil under its own brands Tulsi and Sehat and sells through distributors who in turn sell to various retailers across Maharashtra. The company also produces De-oiled Rice Bran (DORB), which is a by-product in the extraction of Rice Bran Oil, and sells the same as cattle feed, poultry feed, and fish feed in the States of Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu. The company generates all of its revenue from the sale of products.

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