Tapi Fruit Processing (NSE:TAPIFRUIT) ROCE % : 0.91% (As of Sep. 2023)

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What is Tapi Fruit Processing 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. Tapi Fruit Processing's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.91%.

Tapi Fruit Processing ROCE % Historical Data

The historical data trend for Tapi Fruit Processing'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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Tapi Fruit Processing ROCE % Chart

Tapi Fruit Processing Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

16.71

15.25

34.18

-86.04

Tapi Fruit Processing Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			-11.90	4,084.36	-13.95	11.41	0.91

Tapi Fruit Processing ROCE % Calculation

Tapi Fruit Processing'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 )
	=	-0.53	/	( ( (0.803 - 0.381)	+	(0.975 - 0.165) )	/ 2 )
	=	-0.53	/	( (0.422	+	0.81)	/ 2 )
	=	-0.53	/	0.616
	=	-86.04 %

Tapi Fruit Processing's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	0.572	/	( ( (0.975 - 0.165)	+	(141.549 - 17.136) )	/ 2 )
	=	0.572	/	( ( 0.81	+	124.413 )	/ 2 )
	=	0.572	/	62.6115
	=	0.91 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Tapi Fruit Processing (NSE:TAPIFRUIT) 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.

Tapi Fruit Processing ROCE % Related Terms

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Tapi Fruit Processing (NSE:TAPIFRUIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tapi Fruit Processing Ltd (NSE:TAPIFRUIT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Varachha Road, Office No. 212 to 214, Sunrise Chambers, Near Ashok Colony, Mini Bazar, Surat, GJ, IND, 395006

Website

https://www.tapifood.com

Tapi Fruit Processing Ltd is a is a manufacturer of Jelly Based Fruit Products such as Candied, Crystallised and Glazed Fruits, Fruit Bar, Fruit Jellies, Fruit Jam and Fruit Leathers, Chutney and Sauces, Beverages, Fruit crush, Fruit Syrups and Nutraceutical products such as vitamin Gummies.

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