Arvee Laboratories (India) (NSE:ARVEE) ROCE % : 4.80% (As of Dec. 2023)

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What is Arvee Laboratories (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. Arvee Laboratories (India)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 4.80%.

Arvee Laboratories (India) ROCE % Historical Data

The historical data trend for Arvee Laboratories (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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Arvee Laboratories (India) ROCE % Chart

Arvee Laboratories (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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18.40

19.13

18.84

15.64

23.36

Arvee Laboratories (India) Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															18.68	8.61	9.68	4.80	4.80

Arvee Laboratories (India) ROCE % Calculation

Arvee Laboratories (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 )
	=	64.508	/	( ( (386.848 - 132.904)	+	(386.853 - 88.398) )	/ 2 )
	=	64.508	/	( (253.944	+	298.455)	/ 2 )
	=	64.508	/	276.1995
	=	23.36 %

Arvee Laboratories (India)'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 )
	=	14.52	/	( ( (347.856 - 45.295)	+	(0 - 0) )	/ 1 )
	=	14.52	/	( ( 302.561	+	0 )	/ 1 )
	=	14.52	/	302.561
	=	4.80 %

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

Arvee Laboratories (India) (NSE:ARVEE) 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.

Arvee Laboratories (India) ROCE % Related Terms

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Arvee Laboratories (India) (NSE:ARVEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Arvee Laboratories (India) Ltd (NSE:ARVEE) » Definitions » ROCE %

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Address

403, Iskcon Bopal Road, Entice, Near Jayantilal Park BRTS, Ambli, Ahmedabad, GJ, IND, 380058

Website

http://www.arveelabs.com

Arvee Laboratories (India) Ltd is an India based specialty chemicals company. The company products include Polymer Modifiers, such as dimethyl 5-sodiosulfoisophthalate, 5-sulfoisophthalic acid mono sodium salt, and others, Contrast Media Intermediates such as Dimethyl 5-Aminoisophthalate, 3,5-Diamino Benzoic Acid, 5-Nitroisophthalic acid and others; and Drug Intermediates like 2-Acetyl Thiophene, Thiophene-2-Carboxaldehyde and others. Geographically, the company principally operates in India.

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