Narmada Agrobase (BOM:543643) ROCE % : 25.48% (As of Mar. 2024)

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What is Narmada Agrobase 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. Narmada Agrobase's annualized ROCE % for the quarter that ended in Mar. 2024 was 25.48%.

Narmada Agrobase ROCE % Historical Data

The historical data trend for Narmada Agrobase'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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Narmada Agrobase ROCE % Chart

Narmada Agrobase Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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13.63

11.96

10.66

11.05

13.83

Narmada Agrobase Quarterly Data
	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Mar19	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													9.41	9.57	10.61	9.78	25.48

Narmada Agrobase ROCE % Calculation

Narmada Agrobase'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 )
	=	23.129	/	( ( (273.199 - 108.769)	+	(279.649 - 109.625) )	/ 2 )
	=	23.129	/	( (164.43	+	170.024)	/ 2 )
	=	23.129	/	167.227
	=	13.83 %

Narmada Agrobase'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 )
	=	43.316	/	( ( (0 - 0)	+	(279.649 - 109.625) )	/ 1 )
	=	43.316	/	( ( 0	+	170.024 )	/ 1 )
	=	43.316	/	170.024
	=	25.48 %

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

Narmada Agrobase (BOM:543643) 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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Narmada Agrobase (BOM:543643) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Narmada Agrobase Ltd (BOM:543643) » Definitions » ROCE %

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NARMADA:India

Address

401, Silicon Tower, Above Freezeland Restaurant, Law Garden, Navrangpura, Ahmedabad, GJ, IND, 390009

Website

https://www.narmadaagrobase.com

Narmada Agrobase Ltd is engaged in the manufacturing and processing of cotton seed meal cake, cattle feeds and soya bean meal. Its product portfolio includes Cattle Feeds; Cotton Seeds Meal Cake; Cotton Seed Meal Grinder; Delinted Cotton Seeds; Guar Meal; Cotton Linter; and Neem Cake Fertilizer. The company's only operating segment being the manufacturing of delinted cotton seeds.

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