Govind Rubber (BOM:509148) ROCE % : 957.17% (As of Mar. 2020)

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What is Govind 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. Govind Rubber's annualized ROCE % for the quarter that ended in Mar. 2020 was 957.17%.

Govind Rubber ROCE % Historical Data

The historical data trend for Govind 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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Govind Rubber ROCE % Chart

Govind Rubber Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

ROCE %

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26.21

3.27

-39.70

Govind Rubber Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
ROCE %	Get a 7-Day Free Trial															-	-	-	-	957.17

Govind Rubber ROCE % Calculation

Govind Rubber's annualized ROCE % for the fiscal year that ended in Mar. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	1759.916	/	( ( (943.074 - 1960.244)	+	(879.407 - 129.355) )	/ 2 )
	=	1759.916	/	( (-1017.17	+	750.052)	/ 2 )
	=	1759.916	/	-133.559
	=	-1,317.71 %

Govind Rubber's ROCE % of for the quarter that ended in Mar. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2020 )		(Q: Dec. 2019 )		(Q: Mar. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2020 )		(Q: Dec. 2019 )		(Q: Mar. 2020 )
	=	7179.264	/	( ( (0 - 0)	+	(879.407 - 129.355) )	/ 1 )
	=	7179.264	/	( ( 0	+	750.052 )	/ 1 )
	=	7179.264	/	750.052
	=	957.17 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2020) EBIT data.

Govind Rubber (BOM:509148) 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.

Govind Rubber ROCE % Related Terms

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Govind Rubber (BOM:509148) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Govind Rubber Ltd (BOM:509148) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

72, N.M.Joshi Marg, Sitaram Mill Compound, 418, Creative Industrial Estate, Lower Parel, Mumbai, MH, IND, 400 011

Website

http://www.grltires.com

Govind Rubber Ltd manufactures bicycle tire in India. The company is engaged in the manufacturing of bicycle & auto tires and tubes. It manufactures tyres and tubes for two/ three wheelers and markets mountain bike tyres. It offers tires, such as Road/City/Tour, all-terrain bicycle (ATB), mountain bicycle (MTB), Race, bicycle motocross (BMX) and Wheel Chair. It offers tubes, such as Butyl and natural rubber (NR) tubes, valves and packaging. It offers tires for multirole use, such as dirt tracks, rough terrain, and mountainous terrain.

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