LT Foods (BOM:532783) ROCE % : 23.21% (As of Mar. 2024)

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What is LT 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. LT Foods's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.21%.

LT Foods ROCE % Historical Data

The historical data trend for LT 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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LT Foods ROCE % Chart

LT Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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20.37

20.60

19.19

21.90

24.41

LT 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															23.54	24.56	27.38	26.43	23.21

LT Foods ROCE % Calculation

LT 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 )
	=	8834.933	/	( ( (53205.952 - 20110.746)	+	(60440.686 - 21158.741) )	/ 2 )
	=	8834.933	/	( (33095.206	+	39281.945)	/ 2 )
	=	8834.933	/	36188.5755
	=	24.41 %

LT 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 )
	=	9117.48	/	( ( (0 - 0)	+	(60440.686 - 21158.741) )	/ 1 )
	=	9117.48	/	( ( 0	+	39281.945 )	/ 1 )
	=	9117.48	/	39281.945
	=	23.21 %

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

LT Foods (BOM:532783) 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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LT Foods (BOM:532783) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » LT Foods Ltd (BOM:532783) » Definitions » ROCE %

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LTFOODS:India

Address

4th Floor, MVL- I Park, Sector- 15, Near 32nd Milestone, Gurugram, HR, IND, 122001

Website

http://www.ltgroup.in

LT Foods Ltd engages in the milling, processing and marketing of branded and non-branded basmati rice and manufacturing of rice food products. Its rice product portfolio comprises Brown rice, White rice, Steamed rice, Parboiled rice, Organic rice, Quick-cooking rice, Value-added rice and Flavored rice in the ready to cook segment. It operates contract farming, procurement, storage, processing, packaging and distribution; and also engages in the research and development of rice and rice food products. The business activity of the group falls within the reportable segment of Manufacture and storage of rice. It has a business presence in India, America, Europe and other countries. The company's brand profile includes Daawat, Royal, Heritage and Devaaya, among others.

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