The Fertilizers & Chemicals Travancore (BOM:590024) ROCE % : -25.93% (As of Mar. 2024)

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What is The Fertilizers & Chemicals Travancore 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. The Fertilizers & Chemicals Travancore's annualized ROCE % for the quarter that ended in Mar. 2024 was -25.93%.

The Fertilizers & Chemicals Travancore ROCE % Historical Data

The historical data trend for The Fertilizers & Chemicals Travancore'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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The Fertilizers & Chemicals Travancore ROCE % Chart

The Fertilizers & Chemicals Travancore Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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226.84

103.21

80.60

70.80

18.80

The Fertilizers & Chemicals Travancore 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															60.09	35.60	40.97	22.62	-25.93

The Fertilizers & Chemicals Travancore ROCE % Calculation

The Fertilizers & Chemicals Travancore'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 )
	=	2904.3	/	( ( (54343.068 - 39238.194)	+	(58151.5 - 42355.8) )	/ 2 )
	=	2904.3	/	( (15104.874	+	15795.7)	/ 2 )
	=	2904.3	/	15450.287
	=	18.80 %

The Fertilizers & Chemicals Travancore'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 )
	=	-4096.4	/	( ( (0 - 0)	+	(58151.5 - 42355.8) )	/ 1 )
	=	-4096.4	/	( ( 0	+	15795.7 )	/ 1 )
	=	-4096.4	/	15795.7
	=	-25.93 %

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

The Fertilizers & Chemicals Travancore (BOM:590024) 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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The Fertilizers & Chemicals Travancore (BOM:590024) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » The Fertilizers & Chemicals Travancore Ltd (BOM:590024) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FACT:India

Address

Eloor, Udyogamandal, Ernakulam District, Kochi, KL, IND, 683501

Website

https://www.fact.co.in

The Fertilizers & Chemicals Travancore Ltd is engaged in the manufacturing of fertilizers. It operates through two segments: Fertilizers and Petrochemical. Its products include Ammonium Phosphate, Ammonium Sulphate, Mixtures, MOP (Muriate of Potash) and Caprolactam. It also provides engineering consultancy and equipment fabrication services. The company generates the majority of its revenue from fertilizer segment.

The Fertilizers & Chemicals Travancore (BOM:590024) Headlines

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