Harshil Agrotech (BOM:505336) ROCE % : 3.54% (As of Mar. 2024)

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What is Harshil Agrotech 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. Harshil Agrotech's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.54%.

Harshil Agrotech ROCE % Historical Data

The historical data trend for Harshil Agrotech'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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Harshil Agrotech ROCE % Chart

Harshil Agrotech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-40.27

85.72

16.45

Harshil Agrotech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															474.90	-13.07	200.53	-	3.54

Harshil Agrotech ROCE % Calculation

Harshil Agrotech'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 )
	=	10.817	/	( ( (42.517 - 31.961)	+	(228.448 - 107.507) )	/ 2 )
	=	10.817	/	( (10.556	+	120.941)	/ 2 )
	=	10.817	/	65.7485
	=	16.45 %

Harshil Agrotech'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 )
	=	4.28	/	( ( (0 - 0)	+	(228.448 - 107.507) )	/ 1 )
	=	4.28	/	( ( 0	+	120.941 )	/ 1 )
	=	4.28	/	120.941
	=	3.54 %

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

Harshil Agrotech (BOM:505336) 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.

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Harshil Agrotech (BOM:505336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Harshil Agrotech Ltd (BOM:505336) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

S. F-213, I Square, Nr. Shukan Mall Cross Road,, Science City Road,, Sola, Ahmedabad, GJ, IND, 380060

Website

https://www.mirchtechnologies.in

Harshil Agrotech Ltd Formerly Mirch Technologies (India) Ltd is previously engaged in industrial design and fabrication for Army, Navy, and Defense. The Company covers industries such as fertilizers, chemicals, petrochemicals, power plants, fibers, cement, steel plants, pharmaceuticals, dyes and intermediates, paper and pulp, and other allied processing industries. The Company is now engaged in Trading and Manufacturing of Agro and Its Related products.

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