Gujarat Ambuja Exports (BOM:524226) ROCE % : 20.17% (As of Dec. 2023)

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What is Gujarat Ambuja Exports 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. Gujarat Ambuja Exports's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.17%.

Gujarat Ambuja Exports ROCE % Historical Data

The historical data trend for Gujarat Ambuja Exports'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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Gujarat Ambuja Exports ROCE % Chart

Gujarat Ambuja Exports Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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24.07

14.04

29.30

32.72

19.18

Gujarat Ambuja Exports 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															18.95	14.98	15.66	17.29	20.17

Gujarat Ambuja Exports ROCE % Calculation

Gujarat Ambuja Exports'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 )
	=	4509.5	/	( ( (27526.3 - 5609.3)	+	(29516 - 4398.7) )	/ 2 )
	=	4509.5	/	( (21917	+	25117.3)	/ 2 )
	=	4509.5	/	23517.15
	=	19.18 %

Gujarat Ambuja Exports'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 )
	=	5364.8	/	( ( (31442.3 - 4841)	+	(0 - 0) )	/ 1 )
	=	5364.8	/	( ( 26601.3	+	0 )	/ 1 )
	=	5364.8	/	26601.3
	=	20.17 %

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

Gujarat Ambuja Exports (BOM:524226) 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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Gujarat Ambuja Exports (BOM:524226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gujarat Ambuja Exports Ltd (BOM:524226) » Definitions » ROCE %

Traded in Other Exchanges

GAEL:India

Address

Ambuja Tower, Sindhu Bhavan Road, Opposite Sindhu Bhavan, P.O. Thaltej, Bodakdev, Ahmedabad, GJ, IND, 380 059

Website

https://www.ambujagroup.com

Gujarat Ambuja Exports Ltd is a manufacturer of Corn Starch Derivatives, Soya Derivatives, and Cotton Yarn. The company's operating segments include the Spinning division; Maize Processing; Other Agro Processing and Renewable Power division. The company generates maximum revenue from the Maize Processing segment. Geographically, it derives a majority of its revenue from India. Some of its products include Vanaspati Ghee, Refined Palm Oil, Bakery Shortening, Corn/Maize Starch, and others.

Gujarat Ambuja Exports (BOM:524226) Headlines

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