Valencia Nutrition (BOM:542910) ROCE % : -68.34% (As of Sep. 2023)

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What is Valencia Nutrition 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. Valencia Nutrition's annualized ROCE % for the quarter that ended in Sep. 2023 was -68.34%.

Valencia Nutrition ROCE % Historical Data

The historical data trend for Valencia Nutrition'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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Valencia Nutrition ROCE % Chart

Valencia Nutrition Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-192.44

-134.63

-100.63

-49.99

-93.22

Valencia Nutrition Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial							-37.09	-69.61	-83.89	-127.13	-68.34

Valencia Nutrition ROCE % Calculation

Valencia Nutrition'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 )
	=	-12.628	/	( ( (24.478 - 12.53)	+	(27.837 - 12.691) )	/ 2 )
	=	-12.628	/	( (11.948	+	15.146)	/ 2 )
	=	-12.628	/	13.547
	=	-93.22 %

Valencia Nutrition's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-10.922	/	( ( (27.837 - 12.691)	+	(25.512 - 8.694) )	/ 2 )
	=	-10.922	/	( ( 15.146	+	16.818 )	/ 2 )
	=	-10.922	/	15.982
	=	-68.34 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Valencia Nutrition (BOM:542910) 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.

Valencia Nutrition ROCE % Related Terms

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Valencia Nutrition (BOM:542910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Valencia Nutrition Ltd (BOM:542910) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Nathani Road, 601A, Neelkanth Business Park, Vidyavihar (West), Mumbai, MH, IND, 400086

Website

http://www.valencianutrition.com

Valencia Nutrition Ltd is a biotechnology company engaged in researching, developing & marketing nutraceutical products such as multi-nutrient functional beverages to prevent and/or manage lifestyle related diseases. The company's products include Bounce Superdrinks and VitaMe Enriched Beverages.

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