Hatsun Agro Product (BOM:531531) ROCE % : 16.71% (As of Mar. 2024)

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What is Hatsun Agro Product 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. Hatsun Agro Product's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.71%.

Hatsun Agro Product ROCE % Historical Data

The historical data trend for Hatsun Agro Product'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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Hatsun Agro Product ROCE % Chart

Hatsun Agro Product Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.80

28.93

21.42

14.95

18.79

Hatsun Agro Product 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															9.78	22.31	20.76	17.91	16.71

Hatsun Agro Product ROCE % Calculation

Hatsun Agro Product'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 )
	=	5120.728	/	( ( (37508.246 - 11932.338)	+	(47346.036 - 18405.905) )	/ 2 )
	=	5120.728	/	( (25575.908	+	28940.131)	/ 2 )
	=	5120.728	/	27258.0195
	=	18.79 %

Hatsun Agro Product'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 )
	=	4834.972	/	( ( (0 - 0)	+	(47346.036 - 18405.905) )	/ 1 )
	=	4834.972	/	( ( 0	+	28940.131 )	/ 1 )
	=	4834.972	/	28940.131
	=	16.71 %

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

Hatsun Agro Product (BOM:531531) 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.

Hatsun Agro Product ROCE % Related Terms

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Hatsun Agro Product (BOM:531531) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hatsun Agro Product Ltd (BOM:531531) » Definitions » ROCE %

Traded in Other Exchanges

HATSUN:India

Address

Plot No. 14, TNHB, Tamil Nadu Housing Board 'A' Road, Sholinganallur, Chennai, TN, IND, 600 119

Website

https://www.hap.in

Hatsun Agro Product Ltd provides a range of dairy products for the areas of cooking and consumption. Its products include milk, curd, ice creams, dairy whitener, skimmed milk powder, ghee, paneer, cattle feed, and others. The firm markets its products under Arokya, Hatsun, Arun, and Ibaco brand names. The company operates in single-segment Milk and Milk products. The company derives the majority of its revenue from the Milk and Milk products segment. Geographically, it generates maximum revenue from India.

Hatsun Agro Product (BOM:531531) Headlines

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