Hindcon Chemicals (NSE:HINDCON) ROCE % : 11.20% (As of Sep. 2023)

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What is Hindcon Chemicals 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. Hindcon Chemicals's annualized ROCE % for the quarter that ended in Sep. 2023 was 11.20%.

Hindcon Chemicals ROCE % Historical Data

The historical data trend for Hindcon Chemicals'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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Hindcon Chemicals ROCE % Chart

Hindcon Chemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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13.95

14.21

19.72

16.29

14.67

Hindcon Chemicals Quarterly Data
	Mar16	Mar17	Sep17	Mar18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															14.50	7.92	19.41	17.22	11.20

Hindcon Chemicals ROCE % Calculation

Hindcon Chemicals'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 )
	=	60.731	/	( ( (526.158 - 129.911)	+	(536.326 - 104.577) )	/ 2 )
	=	60.731	/	( (396.247	+	431.749)	/ 2 )
	=	60.731	/	413.998
	=	14.67 %

Hindcon Chemicals'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 )
	=	50.676	/	( ( (536.326 - 104.577)	+	(592.253 - 118.784) )	/ 2 )
	=	50.676	/	( ( 431.749	+	473.469 )	/ 2 )
	=	50.676	/	452.609
	=	11.20 %

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

Hindcon Chemicals (NSE:HINDCON) 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.

Hindcon Chemicals ROCE % Related Terms

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Hindcon Chemicals (NSE:HINDCON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hindcon Chemicals Ltd (NSE:HINDCON) » Definitions » ROCE %

Comparable Companies

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N/A

Address

Vashudha, 62/B, Braunfeld Row, 1st Floor, Kolkata, WB, IND, 700027

Website

https://www.hindcon.com

Hindcon Chemicals Ltd is a manufacturer of chemicals for the construction industry. It is engaged in a single segment of Manufacturing of Sodium Silicate, Construction Chemicals, and allied activities. The company's product portfolio includes Water Proofing Compounds, Concrete and Mortar Admixtures, Concreting Aids, Sodium Silicate, Protective and Waterproofing Coating / Sheeting, Grouts and Repairing Mortars, Shot Crete Aids, Floor Toppings, Sealants, Tile Adhesives, Epoxy Grout and mortar, Foundry Aid, Coating / Impregnation, Remover / Cleaning Compounds, and Expansion and Contraction Joint System among others. It earns the majority of its revenue from India.

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