Modi Rubber (BOM:500890) ROCE % : 4.34% (As of Dec. 2023)

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What is Modi Rubber 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. Modi Rubber's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.34%.

Modi Rubber ROCE % Historical Data

The historical data trend for Modi Rubber'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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Modi Rubber ROCE % Chart

Modi Rubber Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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3.24

0.25

0.94

5.05

4.69

Modi Rubber 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															4.38	2.21	3.66	4.34	4.34

Modi Rubber ROCE % Calculation

Modi Rubber'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 )
	=	315.75	/	( ( (6861.241 - 244.553)	+	(7255.455 - 394.886) )	/ 2 )
	=	315.75	/	( (6616.688	+	6860.569)	/ 2 )
	=	315.75	/	6738.6285
	=	4.69 %

Modi Rubber'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 )
	=	300.768	/	( ( (7331.931 - 394.033)	+	(0 - 0) )	/ 1 )
	=	300.768	/	( ( 6937.898	+	0 )	/ 1 )
	=	300.768	/	6937.898
	=	4.34 %

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

Modi Rubber (BOM:500890) 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.

Modi Rubber ROCE % Related Terms

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Modi Rubber (BOM:500890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Modi Rubber Ltd (BOM:500890) » Definitions » ROCE %

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MODIRUBBER:India

Address

4-7C, DDA Shopping Centre, New Friends Colony, New Delhi, IND, 110025

Website

https://www.modirubberlimited.com

Modi Rubber Ltd is an Indian real estate company. The firm is engaged in renting immovable property which is the only segment. It derives revenue from rentals on real estate and guest houses at Modipuram, India. It also generates income from fund management and dividends from joint venture companies in which the company has management and equity collaborations.

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