Excel Industries (NSE:EXCELINDUS) ROCE % : 1.25% (As of Dec. 2023)

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What is Excel Industries 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. Excel Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.25%.

Excel Industries ROCE % Historical Data

The historical data trend for Excel Industries'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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Excel Industries ROCE % Chart

Excel Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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33.37

14.79

11.77

19.21

8.10

Excel Industries 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															6.63	1.44	2.42	0.57	1.25

Excel Industries ROCE % Calculation

Excel Industries'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 )
	=	1074.363	/	( ( (14866.458 - 2024.588)	+	(14925.769 - 1233.704) )	/ 2 )
	=	1074.363	/	( (12841.87	+	13692.065)	/ 2 )
	=	1074.363	/	13266.9675
	=	8.10 %

Excel Industries'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 )
	=	193.292	/	( ( (16804.723 - 1385.764)	+	(0 - 0) )	/ 1 )
	=	193.292	/	( ( 15418.959	+	0 )	/ 1 )
	=	193.292	/	15418.959
	=	1.25 %

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

Excel Industries (NSE:EXCELINDUS) 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.

Excel Industries ROCE % Related Terms

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Excel Industries (NSE:EXCELINDUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Excel Industries Ltd (NSE:EXCELINDUS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

500650:India

Address

184-87, Swami Vivekanand Road, Jogeshwari (West), Mumbai, MH, IND, 400 102

Website

https://www.excelind.co.in

Excel Industries Ltd is a chemical manufacturer based in India. The company is organized into two business segments namely; Chemicals segment which comprises of industrial and specialty chemicals, pesticides intermediates, polymer and pharma intermediates; and Environment and Biotech segment which comprises of soil enricher, biopesticides, and bioproducts. Apart from these segments company also focuses on waste management area where it converts solid waste into organic soil conditioner. The majority of its revenues come from the Indian market, while it also has a presence in the International market.

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