ELANTAS Beck India (BOM:500123) ROCE % : 26.07% (As of Dec. 2023)

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What is ELANTAS Beck India 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. ELANTAS Beck India's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.07%.

ELANTAS Beck India ROCE % Historical Data

The historical data trend for ELANTAS Beck India'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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ELANTAS Beck India ROCE % Chart

ELANTAS Beck India Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.12

18.88

18.73

22.83

26.87

ELANTAS Beck India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															23.16	26.39	27.85	27.39	26.07

ELANTAS Beck India ROCE % Calculation

ELANTAS Beck India's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	1841.935	/	( ( (7174.902 - 1031.668)	+	(8805.257 - 1239.673) )	/ 2 )
	=	1841.935	/	( (6143.234	+	7565.584)	/ 2 )
	=	1841.935	/	6854.409
	=	26.87 %

ELANTAS Beck India's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1972.46	/	( ( (0 - 0)	+	(8805.257 - 1239.673) )	/ 1 )
	=	1972.46	/	( ( 0	+	7565.584 )	/ 1 )
	=	1972.46	/	7565.584
	=	26.07 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

ELANTAS Beck India (BOM:500123) 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.

ELANTAS Beck India ROCE % Related Terms

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ELANTAS Beck India (BOM:500123) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » ELANTAS Beck India Ltd (BOM:500123) » Definitions » ROCE %

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N/A

Address

147, Mumbai-Pune Road, Pimpri, Pune, MH, IND, 411 018

Website

https://www.elantas.com/beck-india

ELANTAS Beck India Ltd is engaged in producing insulating materials for the electrical and electronics industry. The company's operating segment include Electrical Insulations, and Engineering and Electronic Resins and Materials. It generates maximum revenue from the Electrical Insulations segment. The Electrical Insulation System business line comprises three product groups: wire enamels, insulating varnishes and resins, and casting and potting compounds. Geographically, it derives a majority of revenue from India.

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