Godrej Consumer Products (BOM:532424) ROCE % : 23.04% (As of Dec. 2023)

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What is Godrej Consumer Products 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. Godrej Consumer Products's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.04%.

Godrej Consumer Products ROCE % Historical Data

The historical data trend for Godrej Consumer Products'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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Godrej Consumer Products ROCE % Chart

Godrej Consumer Products Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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22.43

18.58

21.17

20.14

17.40

Godrej Consumer Products 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															21.25	16.70	15.59	18.89	23.04

Godrej Consumer Products ROCE % Calculation

Godrej Consumer Products'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 )
	=	22936.7	/	( ( (161340.6 - 39716.1)	+	(174987.7 - 32913.1) )	/ 2 )
	=	22936.7	/	( (121624.5	+	142074.6)	/ 2 )
	=	22936.7	/	131849.55
	=	17.40 %

Godrej Consumer Products'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 )
	=	34001.2	/	( ( (206190.9 - 58640)	+	(0 - 0) )	/ 1 )
	=	34001.2	/	( ( 147550.9	+	0 )	/ 1 )
	=	34001.2	/	147550.9
	=	23.04 %

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

Godrej Consumer Products (BOM:532424) 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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Godrej Consumer Products (BOM:532424) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Godrej Consumer Products Ltd (BOM:532424) » Definitions » ROCE %

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GODREJCP:India

Address

Eastern Express Highway, 4th Floor, Godrej One, Pirojshanagar, Vikhroli (East), Mumbai, MH, IND, 400079

Website

https://www.godrejcp.com

Godrej Consumer Products Ltd is a household and personal care producer. The company has three main product categories: home care, hair care, and personal care. Godrej Consumer Products serves different geographic regions: Asia (India, Indonesia, Middle East, Myanmar, Nepal, Pakistan, Sri Lanka); Africa (South Africa, Nigeria, Mozambique, Kenya); Latin America (Argentina, Bolivia, Chile, Paraguay, and Uruguay); and Europe (the United Kingdom). The brand portfolio includes Roby, Renew, Darling, and Inecto in hair care; Hit, Ezee, and Good Knight in-home care; and Mitu, Protekt, and Cinthol in personal care.

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