Times Green Energy (India) (BOM:543310) ROCE % : 2.01% (As of Sep. 2023)

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What is Times Green Energy (India) 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. Times Green Energy (India)'s annualized ROCE % for the quarter that ended in Sep. 2023 was 2.01%.

Times Green Energy (India) ROCE % Historical Data

The historical data trend for Times Green Energy (India)'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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Times Green Energy (India) ROCE % Chart

Times Green Energy (India) Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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15.39

12.35

13.26

13.01

2.90

Times Green Energy (India) Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial					10.13	10.76	7.56	3.62	2.01

Times Green Energy (India) ROCE % Calculation

Times Green Energy (India)'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 )
	=	5.715	/	( ( (138.205 - 82.435)	+	(382.565 - 44.611) )	/ 2 )
	=	5.715	/	( (55.77	+	337.954)	/ 2 )
	=	5.715	/	196.862
	=	2.90 %

Times Green Energy (India)'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 )
	=	6.814	/	( ( (382.565 - 44.611)	+	(428.228 - 87.709) )	/ 2 )
	=	6.814	/	( ( 337.954	+	340.519 )	/ 2 )
	=	6.814	/	339.2365
	=	2.01 %

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

Times Green Energy (India) (BOM:543310) 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.

Times Green Energy (India) ROCE % Related Terms

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Times Green Energy (India) (BOM:543310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Times Green Energy (India) Ltd (BOM:543310) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Flat No. 602, Druva Thara Apartments, Medinova Complex, Somajiguda, Hyderabad, TG, IND, 500 082

Website

https://www.timesgreenenergy.com

Times Green Energy (India) Ltd is engaged in the farming and selling activities of agricultural produce and trading of natural organic products, bioproducts, and pesticides. The company is also engaged in the manufacturing and selling of sanitary napkins, baby nappies, and adult nappies.

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