Patanjali Foods (BOM:500368) ROCE % : 16.24% (As of Mar. 2024)

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What is Patanjali Foods 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. Patanjali Foods's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.24%.

Patanjali Foods ROCE % Historical Data

The historical data trend for Patanjali Foods'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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Patanjali Foods ROCE % Chart

Patanjali Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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705.83

12.42

17.04

14.72

12.33

Patanjali Foods Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															14.86	5.75	13.82	12.74	16.24

Patanjali Foods ROCE % Calculation

Patanjali Foods'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 )
	=	12499.839	/	( ( (132435.856 - 32036.536)	+	(132620.725 - 30280.618) )	/ 2 )
	=	12499.839	/	( (100399.32	+	102340.107)	/ 2 )
	=	12499.839	/	101369.7135
	=	12.33 %

Patanjali Foods'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 )
	=	16624.892	/	( ( (0 - 0)	+	(132620.725 - 30280.618) )	/ 1 )
	=	16624.892	/	( ( 0	+	102340.107 )	/ 1 )
	=	16624.892	/	102340.107
	=	16.24 %

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

Patanjali Foods (BOM:500368) 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.

Patanjali Foods ROCE % Related Terms

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Patanjali Foods (BOM:500368) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Patanjali Foods Ltd (BOM:500368) » Definitions » ROCE %

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PATANJALI:India

Address

601, A.B. Road, Part B-2, 6th Floor, Metro Tower, Vijay Nagar, Indore, MP, IND, 452 010

Website

http://www.ruchisoya.com

Patanjali Foods Ltd is engaged in the business of processing oilseeds and refining crude oil for edible use. It operates through the following segments: Seed Extractions, Oils and Vanaspati, Food Products, and Wind Power Generation. The Extraction segment includes various types of seed extractions. The Oils and Vanaspati segment includes crude oils, refined oils, vanaspati, bakery fats and table spread. The Food Products segment comprises textured soya protein and soya flour. The Wind Power Generation segment involves electricity generation from windmills.

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