Bhatia Colour Chem (BOM:543497) ROCE % : 7.90% (As of Sep. 2023)

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What is Bhatia Colour Chem 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. Bhatia Colour Chem's annualized ROCE % for the quarter that ended in Sep. 2023 was 7.90%.

Bhatia Colour Chem ROCE % Historical Data

The historical data trend for Bhatia Colour Chem'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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Bhatia Colour Chem ROCE % Chart

Bhatia Colour Chem Annual Data

Trend

Mar22

Mar23

ROCE %

1.11

8.83

Bhatia Colour Chem Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	-	2.22	9.30	8.67	7.90

Bhatia Colour Chem ROCE % Calculation

Bhatia Colour Chem'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 )
	=	68.482	/	( ( (1480.995 - 715.131)	+	(1129.555 - 344.051) )	/ 2 )
	=	68.482	/	( (765.864	+	785.504)	/ 2 )
	=	68.482	/	775.684
	=	8.83 %

Bhatia Colour Chem'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 )
	=	59.51	/	( ( (1129.555 - 344.051)	+	(980.565 - 259.381) )	/ 2 )
	=	59.51	/	( ( 785.504	+	721.184 )	/ 2 )
	=	59.51	/	753.344
	=	7.90 %

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

Bhatia Colour Chem (BOM:543497) 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.

Bhatia Colour Chem ROCE % Related Terms

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Bhatia Colour Chem (BOM:543497) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Bhatia Colour Chem Ltd (BOM:543497) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road No. 1 Udhna Udhyog, Plot No. Plot No. A/2/12, Sangh, Udhna, Surat, GJ, IND, 394210

Website

https://www.bccl.info

Bhatia Colour Chem Ltd Ltd specializes in the trading and manufacturing of chemicals, dyes, and auxiliary products. The company produces Value Added Printing Products, Textile Auxiliaries and Chemicals, Foil Binders, Glitter Powder, Printing Inks, and Zari Binders with a variety of ranges and specialization as per the demand of the client. The products are mainly useful for the printing on Textile materials like Polyester and Cotton which includes, ambos on T-shirts, Zari Prints, and shading.

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