Raghuvansh Agrofarms (BOM:538921) ROCE % : 8.85% (As of Sep. 2023)

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What is Raghuvansh Agrofarms 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. Raghuvansh Agrofarms's annualized ROCE % for the quarter that ended in Sep. 2023 was 8.85%.

Raghuvansh Agrofarms ROCE % Historical Data

The historical data trend for Raghuvansh Agrofarms'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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Raghuvansh Agrofarms ROCE % Chart

Raghuvansh Agrofarms Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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23.93

20.46

10.26

11.31

10.51

Raghuvansh Agrofarms Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial										2.68	19.98	7.92	13.02	8.85

Raghuvansh Agrofarms ROCE % Calculation

Raghuvansh Agrofarms'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 )
	=	70.262	/	( ( (675.601 - 43.038)	+	(725.084 - 21.127) )	/ 2 )
	=	70.262	/	( (632.563	+	703.957)	/ 2 )
	=	70.262	/	668.26
	=	10.51 %

Raghuvansh Agrofarms's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	63.358	/	( ( (725.084 - 21.127)	+	(757.245 - 29.776) )	/ 2 )
	=	63.358	/	( ( 703.957	+	727.469 )	/ 2 )
	=	63.358	/	715.713
	=	8.85 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Raghuvansh Agrofarms (BOM:538921) 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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Raghuvansh Agrofarms (BOM:538921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Raghuvansh Agrofarms Ltd (BOM:538921) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

14/113, Civil Lines, Cabin No.559, Third Floor, Padam Tower-I, Kanpur, UP, IND, 208001

Website

https://www.raghuvanshagro.com

Raghuvansh Agrofarms Ltd is an Indian agricultural company engaged in the provision of agro commodity trading business. The company's activities include cultivation, processing, and distribution of agricultural products. It also involved in dairy farming and production and distribution of dairy products. The company offers financial, technical, strategic assistance to agricultural and dairy businesses. Its products cover organic vegetables, grains, milk, dairy, vermicompost, wheatgrass as well as fertilizers and ornamental plants.

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