Clara Industries (BOM:543435) ROCE % : 0.00% (As of Sep. 2023)

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What is Clara Industries 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. Clara Industries's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

Clara Industries ROCE % Historical Data

The historical data trend for Clara Industries'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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Clara Industries ROCE % Chart

Clara Industries Annual Data

Trend

Mar22

Mar23

ROCE %

26.41

72.87

Clara Industries Quarterly Data
	Jun21	Nov21	Mar22	Jun22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			-	44.32	113.18	-	-

Clara Industries ROCE % Calculation

Clara Industries'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 )
	=	54.447	/	( ( (69.671 - 14.663)	+	(157.19 - 62.765) )	/ 2 )
	=	54.447	/	( (55.008	+	94.425)	/ 2 )
	=	54.447	/	74.7165
	=	72.87 %

Clara Industries'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 )
	=	0	/	( ( (157.19 - 62.765)	+	(423.096 - 34.409) )	/ 2 )
	=	0	/	( ( 94.425	+	388.687 )	/ 2 )
	=	0	/	241.556
	=	0.00 %

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

Clara Industries (BOM:543435) 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.

Clara Industries ROCE % Related Terms

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Clara Industries (BOM:543435) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Clara Industries Ltd (BOM:543435) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

127/1, Gram Simbhalka Junardar Paragna, Tehsil and District Saharanpur, Saharanpur, UP, IND, 247001

Website

https://www.clara.co.in

Clara Industries Ltd is engaged in providing flexible plastic packaging solutions. The company is known for manufacturing and supplying high-end multilayer plastic bags and multilayer plastic rolls in India.

Clara Industries (BOM:543435) Headlines

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