Vasundhara Rasayans (BOM:538634) ROCE % : 23.99% (As of Dec. 2023)

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What is Vasundhara Rasayans 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. Vasundhara Rasayans's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.99%.

Vasundhara Rasayans ROCE % Historical Data

The historical data trend for Vasundhara Rasayans'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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Vasundhara Rasayans ROCE % Chart

Vasundhara Rasayans Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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14.63

24.08

21.20

14.74

31.70

Vasundhara Rasayans 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															29.62	10.42	20.19	24.37	23.99

Vasundhara Rasayans ROCE % Calculation

Vasundhara Rasayans'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 )
	=	76.751	/	( ( (255.026 - 39.306)	+	(345.201 - 76.687) )	/ 2 )
	=	76.751	/	( (215.72	+	268.514)	/ 2 )
	=	76.751	/	242.117
	=	31.70 %

Vasundhara Rasayans'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 )
	=	75.024	/	( ( (380.731 - 68.053)	+	(0 - 0) )	/ 1 )
	=	75.024	/	( ( 312.678	+	0 )	/ 1 )
	=	75.024	/	312.678
	=	23.99 %

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

Vasundhara Rasayans (BOM:538634) 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.

Vasundhara Rasayans ROCE % Related Terms

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Vasundhara Rasayans (BOM:538634) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vasundhara Rasayans Ltd (BOM:538634) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Shed no. 42, Phase II, IDA, Mallapur, Hyderabad, TG, IND, 500076

Website

https://www.vrlindia.in

Vasundhara Rasayans Ltd is the manufacturer and exporter of antacids therapeutic category of active pharm ingredients (API). The company operates through two segments namely Export and Domestic. Its products consist of antacid API which includes dried aluminum hydroxide gel, magaldrate, aluminum hydroxide pate, and many more. The company's products are offered in various forms like paste, powder, and micronized grade powder. Additionally, it caters as well as provides technical backup support to many industries including pharmaceutical, food, and chemical. Geographically company generates the majority of its revenue from the domestic market.

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