Longview Tea Co (BOM:526568) ROCE % : -33.16% (As of Mar. 2024)

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What is Longview Tea Co 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. Longview Tea Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -33.16%.

Longview Tea Co ROCE % Historical Data

The historical data trend for Longview Tea Co'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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Longview Tea Co ROCE % Chart

Longview Tea Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.97

-14.00

34.75

11.19

0.39

Longview Tea Co 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															47.10	13.19	9.40	14.18	-33.16

Longview Tea Co ROCE % Calculation

Longview Tea Co'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 )
	=	0.672	/	( ( (163.616 - 0.661)	+	(180.409 - 2.048) )	/ 2 )
	=	0.672	/	( (162.955	+	178.361)	/ 2 )
	=	0.672	/	170.658
	=	0.39 %

Longview Tea Co'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 )
	=	-59.152	/	( ( (0 - 0)	+	(180.409 - 2.048) )	/ 1 )
	=	-59.152	/	( ( 0	+	178.361 )	/ 1 )
	=	-59.152	/	178.361
	=	-33.16 %

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

Longview Tea Co (BOM:526568) 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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Longview Tea Co (BOM:526568) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Longview Tea Co Ltd (BOM:526568) » Definitions » ROCE %

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Address

16, Hare Street, 1st Floor, Kolkata, WB, IND, 700 001

Website

https://www.longviewtea.org

Longview Tea Co Ltd is an India-based company engaged in the business of trading in Tea, Ferrous Metals and non-ferrous metals. The company is also engaged in dealing and investing in shares and securities and has interest income from loans and advances.

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