De Nora India (NSE:DENORA) ROCE % : 25.43% (As of Mar. 2024)

View and export this data going back to 1997. Start your Free Trial

What is De Nora 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. De Nora India's annualized ROCE % for the quarter that ended in Mar. 2024 was 25.43%.

De Nora India ROCE % Historical Data

The historical data trend for De Nora 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.

* Premium members only.

De Nora India ROCE % Chart

De Nora India Annual Data

Trend

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

14.38

11.80

28.36

29.53

22.75

De Nora India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															30.53	64.51	32.50	31.09	25.43

De Nora India ROCE % Calculation

De Nora India's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	252.247	/	( ( (1156.6 - 135.795)	+	(1266.729 - 69.73) )	/ 2 )
	=	252.247	/	( (1020.805	+	1196.999)	/ 2 )
	=	252.247	/	1108.902
	=	22.75 %

De Nora India's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	304.404	/	( ( (0 - 0)	+	(1266.729 - 69.73) )	/ 1 )
	=	304.404	/	( ( 0	+	1196.999 )	/ 1 )
	=	304.404	/	1196.999
	=	25.43 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

De Nora India (NSE:DENORA) 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.

De Nora India ROCE % Related Terms

Thank you for viewing the detailed overview of De Nora India's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

De Nora India (NSE:DENORA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » De Nora India Ltd (NSE:DENORA) » Definitions » ROCE %

Traded in Other Exchanges

590031:India

Address

Kumdaim Industrial Estate, Plot Nos. 184, 185 & 189, Kundiam, GA, IND, 403115

Website

https://india.denora.com

De Nora India Ltd manufactures and sells electrolytic products in India. It is recognized as a supplier of technologies for the production of chlorine, caustic soda, and derivatives for the chlor-alkali industry as well as the worldwide manufacturer and recoater of noble metal-coated electrodes, electrolyzers, coating solutions for the electrochemical industry in general. The company's operating segment includes Electrode Technologies, which generates the majority of revenue, and Water Technologies. Geographically, it derives a majority of its revenue from India. The company serves various markets, such as agriculture and livestock, chlorine and caustic industry, bleaching chemicals, corrosion prevention, electronics, energy, food industry, marine, and others.

De Nora India (NSE:DENORA) Headlines

No Headlines