Agni Green Power (NSE:AGNI) ROCE % : 5.25% (As of Sep. 2023)

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What is Agni Green Power 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. Agni Green Power's annualized ROCE % for the quarter that ended in Sep. 2023 was 5.25%.

Agni Green Power ROCE % Historical Data

The historical data trend for Agni Green Power'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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Agni Green Power ROCE % Chart

Agni Green Power Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

12.81

3.68

5.04

4.90

0.28

Agni Green Power Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			13.00	-3.02	-18.67	18.18	5.25

Agni Green Power ROCE % Calculation

Agni Green Power'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 )
	=	0.856	/	( ( (427.159 - 136.464)	+	(448.363 - 121.075) )	/ 2 )
	=	0.856	/	( (290.695	+	327.288)	/ 2 )
	=	0.856	/	308.9915
	=	0.28 %

Agni Green Power's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	18.29	/	( ( (448.363 - 121.075)	+	(460.86 - 91.102) )	/ 2 )
	=	18.29	/	( ( 327.288	+	369.758 )	/ 2 )
	=	18.29	/	348.523
	=	5.25 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Agni Green Power (NSE:AGNI) 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.

Agni Green Power ROCE % Related Terms

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Agni Green Power (NSE:AGNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Agni Green Power Ltd (NSE:AGNI) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

114, Rajdanga Gold Park, Piyali Apartment, 1st Floor, South Parganas, Kolkata, WB, IND, 700107

Website

https://www.agnipower.com

Agni Green Power Ltd is engaged in the business of executing turn-key solar PV power plant projects. It also involves of manufacture, sale and installation of solar photovoltaic power plants, solar lamps, solar power conditioning units and other solar products like charge controller, solar pump controller, solar adaptors, solar generators, junction boxes etc. The Company's product categories consist of Lighting Systems, Power Conditioning Units, Solar MPPT Chargers, Balance Of Systems (BOS), Solarizer (Solar Adaptor), Solar Pumps and Remote Monitoring System.

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