Vipul Organics (BOM:530627) ROCE % : 12.10% (As of Dec. 2023)

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What is Vipul Organics 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. Vipul Organics's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.10%.

Vipul Organics ROCE % Historical Data

The historical data trend for Vipul Organics'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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Vipul Organics ROCE % Chart

Vipul Organics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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19.15

20.96

23.71

20.54

8.84

Vipul Organics 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															5.04	9.08	8.82	10.41	12.10

Vipul Organics ROCE % Calculation

Vipul Organics'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 )
	=	53.988	/	( ( (1267.559 - 668.91)	+	(1238.882 - 616.641) )	/ 2 )
	=	53.988	/	( (598.649	+	622.241)	/ 2 )
	=	53.988	/	610.445
	=	8.84 %

Vipul Organics'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 )
	=	74.34	/	( ( (1314.267 - 699.922)	+	(0 - 0) )	/ 1 )
	=	74.34	/	( ( 614.345	+	0 )	/ 1 )
	=	74.34	/	614.345
	=	12.10 %

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

Vipul Organics (BOM:530627) 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.

Vipul Organics ROCE % Related Terms

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Vipul Organics (BOM:530627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vipul Organics Ltd (BOM:530627) » Definitions » ROCE %

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Address

Off. Western Express Highway, Sahar Road, B-603, Kaledonia, Andheri (East), Mumbai, MH, IND, 400069

Website

https://www.vipulorganics.com

Vipul Organics Ltd is engaged in the business of Dyestuff, Organic pigments and Organic intermediates in India and internationally. The company manufactures various products such as pigment powder, pigment dispersions, reactive dyes, direct dyes, acid dyes, naphthols, fast color bases, fast color salts, vat dyes and vat paste, basic dyes, food colors and lake colors, intermediates for dyestuffs and pigments, and herbal extracts. In addition, it serves various industries ranging from textile, paint, printing ink, cosmetics and food industry, plastic and much more. It derives key revenue from the exporting its products outside India.

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