Navin Fluorine International (NSE:NAVINFLUOR) ROCE % : 11.01% (As of Mar. 2024)

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What is Navin Fluorine International 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. Navin Fluorine International's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.01%.

Navin Fluorine International ROCE % Historical Data

The historical data trend for Navin Fluorine International'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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Navin Fluorine International ROCE % Chart

Navin Fluorine International Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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20.13

22.86

18.72

20.90

12.57

Navin Fluorine International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															22.47	26.35	12.20	13.64	11.01

Navin Fluorine International ROCE % Calculation

Navin Fluorine International's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	4101	/	( ( (35292.9 - 5214.8)	+	(43770 - 8579) )	/ 2 )
	=	4101	/	( (30078.1	+	35191)	/ 2 )
	=	4101	/	32634.55
	=	12.57 %

Navin Fluorine International's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	3874.4	/	( ( (0 - 0)	+	(43770 - 8579) )	/ 1 )
	=	3874.4	/	( ( 0	+	35191 )	/ 1 )
	=	3874.4	/	35191
	=	11.01 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Navin Fluorine International (NSE:NAVINFLUOR) 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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Navin Fluorine International (NSE:NAVINFLUOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Navin Fluorine International Ltd (NSE:NAVINFLUOR) » Definitions » ROCE %

Traded in Other Exchanges

532504:India

Address

194, Sir Mathuradas Vasanji Road, Near Western Express Highway, Office No. 602, 6th Floor, Natraj by Rustomjee, Andheri (East), Mumbai, MH, IND, 400069

Website

https://www.nfil.in

Navin Fluorine International Ltd is engaged in the chemicals business. Its business units include Refrigeration, Inorganic Fluorides, Specialty Fluorochemicals, and Contract Research and Manufacturing Services. The Company operates only in one Business Segment i.e. 'Chemical Business' which constitutes a single reporting segment. Geographically, the company generates a majority of its revenue from Outside India.

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