Roni Households (BOM:542145) ROCE % : 1.47% (As of Sep. 2023)

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What is Roni Households 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. Roni Households's annualized ROCE % for the quarter that ended in Sep. 2023 was 1.47%.

Roni Households ROCE % Historical Data

The historical data trend for Roni Households'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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Roni Households ROCE % Chart

Roni Households Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.65

7.18

5.89

-6.31

4.41

Roni Households Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial						-5.30	-6.91	4.79	5.18	1.47

Roni Households ROCE % Calculation

Roni Households'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 )
	=	5.728	/	( ( (270.085 - 150.944)	+	(229.4 - 88.698) )	/ 2 )
	=	5.728	/	( (119.141	+	140.702)	/ 2 )
	=	5.728	/	129.9215
	=	4.41 %

Roni Households'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 )
	=	2.268	/	( ( (229.4 - 88.698)	+	(241.534 - 73.443) )	/ 2 )
	=	2.268	/	( ( 140.702	+	168.091 )	/ 2 )
	=	2.268	/	154.3965
	=	1.47 %

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

Roni Households (BOM:542145) 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.

Roni Households ROCE % Related Terms

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Roni Households (BOM:542145) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Roni Households Ltd (BOM:542145) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ajanta Road, Plot No. F-55, Addl. MIDC Area, Jalgaon, MH, IND, 425003

Website

https://www.ronihouseholds.com

Roni Households Ltd is an India-based company engaged in the trading of plastic granules and plastic household products. The company currently trades in plastic granules and plastic household products which include Tub, Buckets, Office furniture, and Ghamela among others.

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