Balrampur Chini Mills (BOM:500038) ROCE % : 31.71% (As of Mar. 2024)

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What is Balrampur Chini Mills 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. Balrampur Chini Mills's annualized ROCE % for the quarter that ended in Mar. 2024 was 31.71%.

Balrampur Chini Mills ROCE % Historical Data

The historical data trend for Balrampur Chini Mills'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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Balrampur Chini Mills ROCE % Chart

Balrampur Chini Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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23.70

22.51

21.16

14.13

22.23

Balrampur Chini Mills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															44.50	16.19	25.89	14.15	31.71

Balrampur Chini Mills ROCE % Calculation

Balrampur Chini Mills'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 )
	=	8258.329	/	( ( (54285.162 - 19644.342)	+	(60859.575 - 21200.338) )	/ 2 )
	=	8258.329	/	( (34640.82	+	39659.237)	/ 2 )
	=	8258.329	/	37150.0285
	=	22.23 %

Balrampur Chini Mills'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 )
	=	12574.2	/	( ( (0 - 0)	+	(60859.575 - 21200.338) )	/ 1 )
	=	12574.2	/	( ( 0	+	39659.237 )	/ 1 )
	=	12574.2	/	39659.237
	=	31.71 %

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

Balrampur Chini Mills (BOM:500038) 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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Balrampur Chini Mills (BOM:500038) Business Description

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BALRAMCHIN:India

Address

234/3A, A.J.C. Bose Road, FMC Fortuna, 2nd Floor, Kolkata, WB, IND, 700020

Website

https://www.chini.com

Balrampur Chini Mills Ltd is an Indian integrated sugar manufacturing company. Its core business activities are that of manufacturing of sugar whereas its allied business activities include manufacturing and marketing of Ethyl Alcohol and Ethanol, generation, and selling of power. The company's products include sugar, molasses, alcohol, ethanol, bagasse, power and others. It operates through three segments namely Sugar, Distillery, and Others. The company earns the majority of its through the manufacturing and selling of sugar and related products in India.

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