Apollo Ingredients (BOM:503639) ROCE % : -9.78% (As of Dec. 2023)

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What is Apollo Ingredients 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. Apollo Ingredients's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.78%.

Apollo Ingredients ROCE % Historical Data

The historical data trend for Apollo Ingredients'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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Apollo Ingredients ROCE % Chart

Apollo Ingredients Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-21.65

10.49

13.36

-2.81

-8.63

Apollo Ingredients Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.69	-20.68	-16.37	-9.62	-9.78

Apollo Ingredients ROCE % Calculation

Apollo Ingredients's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-1.005	/	( ( (12.098 - 0.114)	+	(11.566 - 0.25) )	/ 2 )
	=	-1.005	/	( (11.984	+	11.316)	/ 2 )
	=	-1.005	/	11.65
	=	-8.63 %

Apollo Ingredients's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.036	/	( ( (10.623 - 0.025)	+	(0 - 0) )	/ 1 )
	=	-1.036	/	( ( 10.598	+	0 )	/ 1 )
	=	-1.036	/	10.598
	=	-9.78 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Apollo Ingredients (BOM:503639) 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.

Apollo Ingredients ROCE % Related Terms

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Apollo Ingredients (BOM:503639) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Apollo Ingredients Ltd (BOM:503639) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

A-1, Nalandapushp CHS, Sector 2, Mittal Enclave, Naigaon, East Thane, Mumbai, MH, IND, 401201

Website

https://www.indsoya.com

Indsoya Ltd is engaged in trading agro-based products like soya seed, copra, mustard, till seed, cottonseed, linseed, castor-seed, groundnuts, rapeseed meal, and other oil cake/deoiled cake, and vegetable oils.

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