Alkali Metals (BOM:533029) ROCE % : 11.23% (As of Dec. 2023)

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What is Alkali Metals 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. Alkali Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.23%.

Alkali Metals ROCE % Historical Data

The historical data trend for Alkali Metals'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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Alkali Metals ROCE % Chart

Alkali Metals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.82

6.10

4.57

12.59

10.30

Alkali Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.61	5.72	15.31	5.06	11.23

Alkali Metals ROCE % Calculation

Alkali Metals'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 )
	=	64.326	/	( ( (995.193 - 379.533)	+	(1055.301 - 421.684) )	/ 2 )
	=	64.326	/	( (615.66	+	633.617)	/ 2 )
	=	64.326	/	624.6385
	=	10.30 %

Alkali Metals'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 )
	=	68.136	/	( ( (1032.534 - 425.63)	+	(0 - 0) )	/ 1 )
	=	68.136	/	( ( 606.904	+	0 )	/ 1 )
	=	68.136	/	606.904
	=	11.23 %

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

Alkali Metals (BOM:533029) 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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Alkali Metals (BOM:533029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Alkali Metals Ltd (BOM:533029) » Definitions » ROCE %

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ALKALI:India

Address

Plot B-5, Block III, Industrial Development Area, Uppal, Hyderabad, TG, IND, 500 039

Website

https://www.alkalimetals.com

Alkali Metals Ltd operates in the chemical industry. It is engaged in the manufacturing and sale of chemicals. Geographically, it derives a majority of its revenue from External segment. The product portfolio includes sodium and other metal derivatives like amides, hydrides, alkoxides, azides and tetrazoles, pyridine compounds, cyclic compounds, and others.

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