Everest Industries (BOM:508906) ROCE % : 2.64% (As of Dec. 2023)

View and export this data going back to 1991. Start your Free Trial

What is Everest Industries 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. Everest Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.64%.

Everest Industries ROCE % Historical Data

The historical data trend for Everest Industries'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.

* Premium members only.

Everest Industries ROCE % Chart

Everest Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

17.72

5.01

17.79

12.04

11.70

Everest Industries 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															6.69	13.24	15.25	-1.88	2.64

Everest Industries ROCE % Calculation

Everest Industries'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 )
	=	743.4	/	( ( (10583.602 - 4410.862)	+	(11316.8 - 4786.2) )	/ 2 )
	=	743.4	/	( (6172.74	+	6530.6)	/ 2 )
	=	743.4	/	6351.67
	=	11.70 %

Everest Industries'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 )
	=	174.876	/	( ( (10419.84 - 3802.882)	+	(0 - 0) )	/ 1 )
	=	174.876	/	( ( 6616.958	+	0 )	/ 1 )
	=	174.876	/	6616.958
	=	2.64 %

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

Everest Industries (BOM:508906) 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.

Everest Industries ROCE % Related Terms

Thank you for viewing the detailed overview of Everest Industries's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Everest Industries (BOM:508906) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Everest Industries Ltd (BOM:508906) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EVERESTIND:India

Address

Guru Hargovindji Road, Level 3, Tower 14, Solitaire Corporate Park, Chakala, Andheri (E), Mumbai, MH, IND, 40093

Website

https://www.everestind.com

Everest Industries Ltd manufactures fiber cement products in India. The company offers its products in roofing, ceiling, wall, flooring, and cladding products and pre-engineered steel buildings for industrial, commercial, and residential applications. The business operations of the company are classified into two segments namely Building Products which contribute the majority of revenues and Steel Buildings. Geographically, the company derives maximum revenue from India.

Everest Industries (BOM:508906) Headlines

No Headlines