Yasons Chemex Care (NSE:YCCL) ROCE % : 23.20% (As of Mar. 2023)

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What is Yasons Chemex Care 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. Yasons Chemex Care's annualized ROCE % for the quarter that ended in Mar. 2023 was 23.20%.

Yasons Chemex Care ROCE % Historical Data

The historical data trend for Yasons Chemex Care'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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Yasons Chemex Care ROCE % Chart

Yasons Chemex Care Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

7.33

11.74

13.05

16.64

23.20

Yasons Chemex Care Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Mar23
ROCE %	7.33	11.74	13.05	16.64	23.20

Yasons Chemex Care ROCE % Calculation

Yasons Chemex Care'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 )
	=	45.758	/	( ( (277.928 - 98.513)	+	(275.859 - 60.834) )	/ 2 )
	=	45.758	/	( (179.415	+	215.025)	/ 2 )
	=	45.758	/	197.22
	=	23.20 %

Yasons Chemex Care'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 )
	=	45.758	/	( ( (277.928 - 98.513)	+	(275.859 - 60.834) )	/ 2 )
	=	45.758	/	( ( 179.415	+	215.025 )	/ 2 )
	=	45.758	/	197.22
	=	23.20 %

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

Yasons Chemex Care (NSE:YCCL) 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.

Yasons Chemex Care ROCE % Related Terms

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Yasons Chemex Care (NSE:YCCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Yasons Chemex Care Ltd (NSE:YCCL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

132ft Ring Road, 4th floor, 412 Sigma Icon-1, Opposite Medilink Hospital, Satellite, Ahmedabad, GJ, IND, 380015

Website

https://www.yasonschemexcare.com

Yasons Chemex Care Ltd is engaged in manufacturing dyes & pigment paste, IMCG, and FMCG products. The IMCG products of the company includes Textile dyes, pigments and paints. The Company also manufactures a wide range of pigment paste from various chemicals. Within FMCG it manufactures or packages products such as hair oil, perfumes & deodorant, handmade soap, sanitizer, etc., under its brand name PLXO.

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