HI-Green Carbon (NSE:HIGREEN) ROCE % : 67.58% (As of Mar. 2023)

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What is HI-Green Carbon 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. HI-Green Carbon's annualized ROCE % for the quarter that ended in Mar. 2023 was 67.58%.

HI-Green Carbon ROCE % Historical Data

The historical data trend for HI-Green Carbon'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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HI-Green Carbon ROCE % Chart

HI-Green Carbon Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

2.50

25.25

67.58

HI-Green Carbon Semi-Annual Data
	Mar21	Mar22	Mar23
ROCE %	2.50	25.25	67.58

HI-Green Carbon ROCE % Calculation

HI-Green Carbon'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 )
	=	172.016	/	( ( (342.436 - 102.839)	+	(438.783 - 169.327) )	/ 2 )
	=	172.016	/	( (239.597	+	269.456)	/ 2 )
	=	172.016	/	254.5265
	=	67.58 %

HI-Green Carbon's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	172.016	/	( ( (342.436 - 102.839)	+	(438.783 - 169.327) )	/ 2 )
	=	172.016	/	( ( 239.597	+	269.456 )	/ 2 )
	=	172.016	/	254.5265
	=	67.58 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

HI-Green Carbon (NSE:HIGREEN) 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.

HI-Green Carbon ROCE % Related Terms

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HI-Green Carbon (NSE:HIGREEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » HI-Green Carbon Ltd (NSE:HIGREEN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

G-557, Lodhika Industrial Estate, Metoda G.I.D.C. Gate No. 3, Metoda, Lodhika, Rajkot, GJ, IND, 360021

Website

https://www.higreencarbon.com

HI-Green Carbon Ltd is engaged in the business of waste tyres recycling. Its manufacturing plant operates on a continuous pyrolysis process. It is an uninterrupted working method with a continuous feeding and discharging system controlled by the program logic controller system. The company processes end-of-life tyres (ELTs) pieces to produce energy components and raw materials. Its major products are Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category and fuel Oil and Synthesis Gas under the Energy components category.

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