Agro Tech Foods (BOM:500215) ROCE % : 2.03% (As of Mar. 2024)

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What is Agro Tech Foods 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. Agro Tech Foods's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.03%.

Agro Tech Foods ROCE % Historical Data

The historical data trend for Agro Tech Foods'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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Agro Tech Foods ROCE % Chart

Agro Tech Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.22

9.91

7.88

4.71

3.31

Agro Tech Foods Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															6.02	5.76	2.57	2.99	2.03

Agro Tech Foods ROCE % Calculation

Agro Tech Foods'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 )
	=	171.9	/	( ( (6392.09 - 1271.41)	+	(6430 - 1168.2) )	/ 2 )
	=	171.9	/	( (5120.68	+	5261.8)	/ 2 )
	=	171.9	/	5191.24
	=	3.31 %

Agro Tech Foods'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 )
	=	106.8	/	( ( (0 - 0)	+	(6430 - 1168.2) )	/ 1 )
	=	106.8	/	( ( 0	+	5261.8 )	/ 1 )
	=	106.8	/	5261.8
	=	2.03 %

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

Agro Tech Foods (BOM:500215) 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.

Agro Tech Foods ROCE % Related Terms

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Agro Tech Foods (BOM:500215) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Agro Tech Foods Ltd (BOM:500215) » Definitions » ROCE %

Traded in Other Exchanges

ATFL:India

Address

Phase - II, DLF Cyber City, Tower C, 15th Floor, Building No. 10, Gurugram, HR, IND, 122002

Website

https://www.atfoods.com

Agro Tech Foods Ltd is an India-based company that engages in the business of manufacturing and marketing food and food ingredients to consumers and institutional customers. The company offers refined oil and ready-to-cook food products. The products are offered under the brand name Sundrop Oils, ACT II Popcorn, Sundrop Peanut Butter, Crystal, and others. Geographically, the firm generates a majority of its revenue from India.

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