Godfrey Phillips India (BOM:500163) ROCE % : 23.87% (As of Dec. 2023)

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What is Godfrey Phillips 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. Godfrey Phillips India's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.87%.

Godfrey Phillips India ROCE % Historical Data

The historical data trend for Godfrey Phillips 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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Godfrey Phillips India ROCE % Chart

Godfrey Phillips India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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19.04

23.07

18.75

19.35

25.01

Godfrey Phillips India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															28.57	24.64	27.37	21.61	23.87

Godfrey Phillips India ROCE % Calculation

Godfrey Phillips 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 )
	=	9012.506	/	( ( (41015.935 - 8222.949)	+	(49682.299 - 10397.821) )	/ 2 )
	=	9012.506	/	( (32792.986	+	39284.478)	/ 2 )
	=	9012.506	/	36038.732
	=	25.01 %

Godfrey Phillips 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 )
	=	9946.4	/	( ( (53231.3 - 11561.8)	+	(0 - 0) )	/ 1 )
	=	9946.4	/	( ( 41669.5	+	0 )	/ 1 )
	=	9946.4	/	41669.5
	=	23.87 %

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

Godfrey Phillips India (BOM:500163) 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.

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Godfrey Phillips India (BOM:500163) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Godfrey Phillips India Ltd (BOM:500163) » Definitions » ROCE %

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GODFRYPHLP:India

Address

Omaxe Square, Plot No.14, Jasola District Centre, Jasola, New Delhi, IND, 110025

Website

https://www.godfreyphillips.com

Godfrey Phillips India Ltd is a cigarette manufacturer that sells its products globally under brand names including Four Square, Red & White, Cavanders, Jaisalmer, Stellar, and Marlboro which it has a license to sell in India. Cigarette sales account for the vast majority of the total revenue, although the company also sells tea and other retail products. Most Godfrey Phillips sales are generated in India, but the company exports some of its cigarette brands and cuts tobacco.

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