Baroda Extrusion (BOM:513502) ROCE % : -1.24% (As of Dec. 2023)

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What is Baroda Extrusion 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. Baroda Extrusion's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.24%.

Baroda Extrusion ROCE % Historical Data

The historical data trend for Baroda Extrusion'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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Baroda Extrusion ROCE % Chart

Baroda Extrusion Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.88

-22.64

Baroda Extrusion 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															-64.23	16.98	-1.47	10.43	-1.24

Baroda Extrusion ROCE % Calculation

Baroda Extrusion'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 )
	=	-34.176	/	( ( (312.003 - 158.522)	+	(316.07 - 167.663) )	/ 2 )
	=	-34.176	/	( (153.481	+	148.407)	/ 2 )
	=	-34.176	/	150.944
	=	-22.64 %

Baroda Extrusion'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 )
	=	-1.888	/	( ( (364.501 - 212.621)	+	(0 - 0) )	/ 1 )
	=	-1.888	/	( ( 151.88	+	0 )	/ 1 )
	=	-1.888	/	151.88
	=	-1.24 %

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

Baroda Extrusion (BOM:513502) 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.

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Baroda Extrusion (BOM:513502) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Baroda Extrusion Ltd (BOM:513502) » Definitions » ROCE %

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Address

Survey No. 65-66, Jarod-Samalaya Road, Village - Garadiya, Taluka - Savli, Vadodara, GJ, IND, 391520

Website

https://www.barodaextrusion.com

Baroda Extrusion Ltd is an Indian-based company, engaged in the manufacturing of copper finished goods. It is involved in the manufacturing of electrolytic copper for heavy electronics users like High Voltage Transformers, SFG Switch Gears, and Top Gears. The products offered by the group include Copper Rods, Copper Tubes, Copper Coils, Copper Billets, Copper bars, and others. Geographically, it derives revenue from India.

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