Akzo Nobel India (BOM:500710) ROCE % : 40.04% (As of Mar. 2024)

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What is Akzo Nobel India 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. Akzo Nobel India's annualized ROCE % for the quarter that ended in Mar. 2024 was 40.04%.

Akzo Nobel India ROCE % Historical Data

The historical data trend for Akzo Nobel India'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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Akzo Nobel India ROCE % Chart

Akzo Nobel India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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25.65

20.56

26.72

32.59

39.60

Akzo Nobel India 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															37.46	40.90	34.86	41.61	40.04

Akzo Nobel India ROCE % Calculation

Akzo Nobel India'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 )
	=	5855	/	( ( (27405 - 12639)	+	(29039 - 14235) )	/ 2 )
	=	5855	/	( (14766	+	14804)	/ 2 )
	=	5855	/	14785
	=	39.60 %

Akzo Nobel India'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 )
	=	5928	/	( ( (0 - 0)	+	(29039 - 14235) )	/ 1 )
	=	5928	/	( ( 0	+	14804 )	/ 1 )
	=	5928	/	14804
	=	40.04 %

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

Akzo Nobel India (BOM:500710) 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.

Akzo Nobel India ROCE % Related Terms

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Akzo Nobel India (BOM:500710) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Akzo Nobel India Ltd (BOM:500710) » Definitions » ROCE %

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AKZOINDIA:India

Address

Golf Course Extension Road, 9th Floor, Magnum Towers, Sector 58, Gurugram, HR, IND, 122 011

Website

https://www.akzonobel.co.in

Akzo Nobel India Ltd manufactures and sells a variety of chemicals and coatings. The company organizes itself into only segments based on the product type. The coatings segment, which generates the vast majority of revenue, sells decorative paints under the Dulux brand and performance coatings for ships, cars, aircraft, and buildings. The vast majority of revenue comes from India.

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