Abbott India ROCE
What is the ROCE of Abbott India?
The ROCE of Abbott India Limited is 38.34%
What is the definition of ROCE?
Return on capital employed (ROCE) is a financial ratio that measures a company’s profitability and the efficiency with which its capital is used.
= EBIT / (assets - current liabilities)
Return on capital employed (ROCE) is the total amount of capital that a company has utilized in order to generate profits. It is the sum of shareholders' equity and debt liabilities. It can be simplified as total assets minus current liabilities.
ROCE is especially useful when comparing the performance of companies in capital-intensive sectors. ROCE considers debt and other liabilities as well compared to other fundamentals which only analyze profitability related to a company’s common equity. This provides a better indication of financial performance for companies with significant debt. For a company, the ROCE trend over the years is also an important indicator of performance. In general, investors tend to favor companies with stable and rising ROCE numbers over companies where ROCE is volatile and bounces around from one year to the next.
Instead of using capital employed at an arbitrary point in time, analysts and investors often calculate ROCE based on the average capital employed (ROACE), which takes the average of opening and closing capital employed for the time period.
ROCE of companies in the Health Care sector on NSE compared to Abbott India
What does Abbott India do?
Abbott India Limited operates as a pharmaceutical company in India. It offers pharmaceutical products for various therapeutic areas, such as women's health, gastroenterology, metabolic, central nervous system, pain management, nutritional supplements, vitamins, insomnia, vaccines, consumer health, etc. The company was formerly known as Knoll Pharmaceuticals Limited and changed its name to Abbott India Limited in July 2002. Abbott India Limited was incorporated in 1944 and is headquartered in Mumbai, India. Abbott India Limited is a subsidiary of Abbott Capital India Limited.
Companies with roce similar to Abbott India
- frontdoor, inc has ROCE of 37.72%
- Laredo Petroleum has ROCE of 37.85%
- Premium Income has ROCE of 37.97%
- Ulta Beauty Inc has ROCE of 37.97%
- ICL has ROCE of 38.10%
- TriNet Inc has ROCE of 38.15%
- Abbott India has ROCE of 38.34%
- Incap Oyj has ROCE of 38.38%
- Target Hospitality has ROCE of 38.80%
- Public Joint Stock Mining and Metallurgical Norilsk Nickel has ROCE of 38.83%
- IES Inc has ROCE of 38.91%
- Sonata Software has ROCE of 39.17%
- Balaxi Ventures has ROCE of 39.18%