ADF Foods (BOM:519183) ROCE % : 25.19% (As of Mar. 2024)

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What is ADF Foods 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. ADF Foods's annualized ROCE % for the quarter that ended in Mar. 2024 was 25.19%.

ADF Foods ROCE % Historical Data

The historical data trend for ADF Foods'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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ADF Foods ROCE % Chart

ADF Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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28.53

27.13

19.10

17.42

20.38

ADF Foods 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															19.51	17.25	16.72	21.19	25.19

ADF Foods ROCE % Calculation

ADF Foods'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 )
	=	1004.076	/	( ( (5250.191 - 430.976)	+	(5560.515 - 525.659) )	/ 2 )
	=	1004.076	/	( (4819.215	+	5034.856)	/ 2 )
	=	1004.076	/	4927.0355
	=	20.38 %

ADF Foods'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 )
	=	1268.22	/	( ( (0 - 0)	+	(5560.515 - 525.659) )	/ 1 )
	=	1268.22	/	( ( 0	+	5034.856 )	/ 1 )
	=	1268.22	/	5034.856
	=	25.19 %

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

ADF Foods (BOM:519183) 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.

ADF Foods ROCE % Related Terms

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ADF Foods (BOM:519183) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » ADF Foods Ltd (BOM:519183) » Definitions » ROCE %

Traded in Other Exchanges

ADFFOODS:India

Address

G. K. Road, Marathon Innova, B2 - G01, Ground Floor, Opp. Peninsula Corporate Park, Lower Parel, Mumbai, MH, IND, 400 013

Website

https://www.adf-foods.com

ADF Foods Ltd is an Indian-based company that operates in the business of processed and preserved foods. Its business activities include manufacturing and trading of processed food products including pickles, pastes, chutneys, ready-to-eat items, paste and sauces, frozen foods, spices, and canned vegetables in brine. The company's operating segment is processed food. The company's products are offered under the brand names Ashoka, Camel, Truly Indian, Aeroplane, Nate's, PJ's Organics, ADF Soul, and Khansaama.

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