Vadivarhe Speciality Chemicals (NSE:VSCL) ROCE % : -14.32% (As of Sep. 2023)

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What is Vadivarhe Speciality Chemicals 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. Vadivarhe Speciality Chemicals's annualized ROCE % for the quarter that ended in Sep. 2023 was -14.32%.

Vadivarhe Speciality Chemicals ROCE % Historical Data

The historical data trend for Vadivarhe Speciality Chemicals'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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Vadivarhe Speciality Chemicals ROCE % Chart

Vadivarhe Speciality Chemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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2.52

-29.98

-4.55

-30.87

11.67

Vadivarhe Speciality Chemicals Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial														-22.56	-40.89	8.37	14.45	-14.32

Vadivarhe Speciality Chemicals ROCE % Calculation

Vadivarhe Speciality Chemicals'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 )
	=	26.239	/	( ( (416.729 - 198.156)	+	(464.354 - 233.307) )	/ 2 )
	=	26.239	/	( (218.573	+	231.047)	/ 2 )
	=	26.239	/	224.81
	=	11.67 %

Vadivarhe Speciality Chemicals'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 )
	=	-31.838	/	( ( (464.354 - 233.307)	+	(361.837 - 148.37) )	/ 2 )
	=	-31.838	/	( ( 231.047	+	213.467 )	/ 2 )
	=	-31.838	/	222.257
	=	-14.32 %

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

Vadivarhe Speciality Chemicals (NSE:VSCL) 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.

Vadivarhe Speciality Chemicals ROCE % Related Terms

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Vadivarhe Speciality Chemicals (NSE:VSCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vadivarhe Speciality Chemicals Ltd (NSE:VSCL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gat No. 204, Vadivarhe, Igatpuri, Nashik, MH, IND, 422403

Website

https://www.vscl.in

Vadivarhe Speciality Chemicals Ltd is a company that engages in organic chemicals for a variety of uses. The company manufactures specialty chemicals, and active ingredients for pharmaceutical and intermediate, and personal care use. Its product range comprises Intermediates, Ingredients for Personal and Hair Care Products, and Speciality Chemicals for API manufacturers.

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