Empire Industries (BOM:509525) ROCE % : 13.63% (As of Dec. 2023)

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What is Empire Industries 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. Empire Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.63%.

Empire Industries ROCE % Historical Data

The historical data trend for Empire Industries'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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Empire Industries ROCE % Chart

Empire Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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18.02

13.26

8.70

10.33

13.63

Empire Industries 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															13.59	16.75	10.52	13.71	13.63

Empire Industries ROCE % Calculation

Empire Industries'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 )
	=	708.308	/	( ( (7067.858 - 1878.559)	+	(7396.593 - 2194.183) )	/ 2 )
	=	708.308	/	( (5189.299	+	5202.41)	/ 2 )
	=	708.308	/	5195.8545
	=	13.63 %

Empire Industries'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 )
	=	699.552	/	( ( (7473.603 - 2340.201)	+	(0 - 0) )	/ 1 )
	=	699.552	/	( ( 5133.402	+	0 )	/ 1 )
	=	699.552	/	5133.402
	=	13.63 %

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

Empire Industries (BOM:509525) 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.

Empire Industries ROCE % Related Terms

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Empire Industries (BOM:509525) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Empire Industries Ltd (BOM:509525) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

414, Senapati Bapat Marg, Empire Complex, Lower Parel, Mumbai, MH, IND, 400 013

Website

https://www.empiremumbai.com

Empire Industries Ltd is a multi-divisional company engaged in different businesses. Its segments are Manufacturing - comprising of manufacturing glass bottles; Trading, Business Support Services, Consultancy, Commission; and Property development. The company derives revenue primarily from the business of manufacturing of container glass, trading in frozen foods, indenting and real estate. It also imports frozen foods from the global market and distributes them to hotels, provides office space on a leave and license basis to companies and banks, develops residential, and provides workspace solutions to clients. The company operates in India and internationally.

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