Rite Zone Chemcon India (NSE:RITEZONE) ROCE % : 12.31% (As of Mar. 2024)

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What is Rite Zone Chemcon 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. Rite Zone Chemcon India's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.31%.

Rite Zone Chemcon India ROCE % Historical Data

The historical data trend for Rite Zone Chemcon 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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Rite Zone Chemcon India ROCE % Chart

Rite Zone Chemcon India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

8.78

3.66

12.24

11.83

10.54

Rite Zone Chemcon India Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			-	12.03	16.33	8.84	12.31

Rite Zone Chemcon India ROCE % Calculation

Rite Zone Chemcon 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 )
	=	15.192	/	( ( (191.933 - 53.137)	+	(197.148 - 47.775) )	/ 2 )
	=	15.192	/	( (138.796	+	149.373)	/ 2 )
	=	15.192	/	144.0845
	=	10.54 %

Rite Zone Chemcon 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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	17.956	/	( ( (185.294 - 43.026)	+	(197.148 - 47.775) )	/ 2 )
	=	17.956	/	( ( 142.268	+	149.373 )	/ 2 )
	=	17.956	/	145.8205
	=	12.31 %

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

Rite Zone Chemcon India (NSE:RITEZONE) 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.

Rite Zone Chemcon India ROCE % Related Terms

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Rite Zone Chemcon India Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Row House 11, Beverly Park, Row House co-operative housing society Ltd, Mira Road, Thane, MH, IND, 401107

Website

http://www.ritezone.in

Rite Zone Chemcon India Ltd deals in a range of construction chemicals and concrete products. The company offers complete construction solutions by supplying a complete range of various chemical products related to civil construction, infrastructure, building and structure including pre-construction or post construction as well as supplying all types of concrete required for construction and infrastructure developments.

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