Bikaji Foods International (BOM:543653) ROCE % : 22.47% (As of Dec. 2023)

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What is Bikaji Foods International 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. Bikaji Foods International's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.47%.

Bikaji Foods International ROCE % Historical Data

The historical data trend for Bikaji Foods International'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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Bikaji Foods International ROCE % Chart

Bikaji Foods International Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

11.77

19.87

14.09

18.29

Bikaji Foods International Quarterly Data
	Mar20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-	17.51	22.14	26.98	22.47

Bikaji Foods International ROCE % Calculation

Bikaji Foods International'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 )
	=	1793.276	/	( ( (11021.289 - 1902.22)	+	(12716.267 - 2225.009) )	/ 2 )
	=	1793.276	/	( (9119.069	+	10491.258)	/ 2 )
	=	1793.276	/	9805.1635
	=	18.29 %

Bikaji Foods International'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 )
	=	2602.048	/	( ( (14440.736 - 2863.182)	+	(0 - 0) )	/ 1 )
	=	2602.048	/	( ( 11577.554	+	0 )	/ 1 )
	=	2602.048	/	11577.554
	=	22.47 %

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

Bikaji Foods International (BOM:543653) 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.

Bikaji Foods International ROCE % Related Terms

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Bikaji Foods International (BOM:543653) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bikaji Foods International Ltd (BOM:543653) » Definitions » ROCE %

Traded in Other Exchanges

BIKAJI:India

Address

Karni Extension, RIICO Industrial Area, Plot No. E-558-561, C -569-572, E - 573-577, F-585-592, Bikaner, RJ, IND, 334 004

Website

https://www.bikaji.com

Bikaji Foods International Ltd is a fast-moving consumer goods (FMCG) brand with an international footprint, selling Indian snacks and sweets. Its product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily includes gift packs (assortment), frozen food, mathri range and cookies. The company has exported its products to international countries, including countries in North America, Europe, Middle East, Africa, and Asia Pacific.

Bikaji Foods International (BOM:543653) Headlines

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