TBI Corn (NSE:TBI) ROCE % : 32.70% (As of Mar. 2024)

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What is TBI Corn 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. TBI Corn's annualized ROCE % for the quarter that ended in Mar. 2024 was 32.70%.

TBI Corn ROCE % Historical Data

The historical data trend for TBI Corn'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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TBI Corn ROCE % Chart

TBI Corn Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

8.38

11.40

43.50

42.45

TBI Corn Quarterly Data
	Mar21	Mar22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			-	-	-	16.71	32.70

TBI Corn ROCE % Calculation

TBI Corn'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 )
	=	175.127	/	( ( (770.199 - 460.968)	+	(1017.024 - 501.092) )	/ 2 )
	=	175.127	/	( (309.231	+	515.932)	/ 2 )
	=	175.127	/	412.5815
	=	42.45 %

TBI Corn'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 )
	=	179.78	/	( ( (951.15 - 367.622)	+	(1017.024 - 501.092) )	/ 2 )
	=	179.78	/	( ( 583.528	+	515.932 )	/ 2 )
	=	179.78	/	549.73
	=	32.70 %

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

TBI Corn (NSE:TBI) 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.

TBI Corn ROCE % Related Terms

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TBI Corn Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » TBI Corn Ltd (NSE:TBI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

A5/3 & A5/4, MIDC, Miraj, Taluka - Miraj, District - Sangli, Sangli, MH, IND, 416410

Website

https://www.tbicorn.com

TBI Corn Ltd is a manufacturer in the corn grits industry. It offers a diverse varieties of products, including cleaned and fat-free Corn Grits/Meal, Corn Flakes, Stone-free Broken Maize & Corn Flour, and Turmeric Finger, all manufactured without chemical additives or preservatives and GMO-free. The company products have a presence, including UAE, Bahrain, Qatar, Kuwait, Saudi Arabia, Oman, Yemen, Jordan, Israel, Liberia, Sri Lanka, Malaysia, Brunei, Vietnam, and South Korea, and plans to venture into Europe and the USA. Key revenue is generated from Dubai.