Ruchira Papers (BOM:532785) ROCE % : 12.01% (As of Mar. 2024)

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What is Ruchira Papers 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. Ruchira Papers's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.01%.

Ruchira Papers ROCE % Historical Data

The historical data trend for Ruchira Papers'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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Ruchira Papers ROCE % Chart

Ruchira Papers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.39

3.76

14.91

24.68

15.84

Ruchira Papers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															24.84	24.95	28.71	-	12.01

Ruchira Papers ROCE % Calculation

Ruchira Papers'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 )
	=	695.993	/	( ( (5083.38 - 899.304)	+	(5401.414 - 795.511) )	/ 2 )
	=	695.993	/	( (4184.076	+	4605.903)	/ 2 )
	=	695.993	/	4394.9895
	=	15.84 %

Ruchira Papers'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 )
	=	553.044	/	( ( (0 - 0)	+	(5401.414 - 795.511) )	/ 1 )
	=	553.044	/	( ( 0	+	4605.903 )	/ 1 )
	=	553.044	/	4605.903
	=	12.01 %

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

Ruchira Papers (BOM:532785) 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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Ruchira Papers (BOM:532785) Business Description

Industry

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RUCHIRA:India

Address

21-22, New Professors Colony, Yamuna Nagar, HR, IND, 135001

Website

https://www.ruchirapapers.com

Ruchira Papers Ltd is engaged in the paper manufacturing business. The company is engaged in the manufacturing of kraft paper, writing, and printing paper. Its white writing and printing paper are used in the fabrication of notebooks and writing material while kraft paper finds its application in the packaging industry especially for making boxes/cartons and for other packaging requirements. The coloured paper is used in the fabrication of spiral notebooks, wedding cards, shade cards, children's colouring books, coloured copier paper and bill books. Geographically, it derives a majority of its revenue from India. The company operates in only one main segment, which is the manufacturing of paper.

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