Haldyn Glass (BOM:515147) ROCE % : 20.04% (As of Mar. 2024)

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What is Haldyn Glass 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. Haldyn Glass's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.04%.

Haldyn Glass ROCE % Historical Data

The historical data trend for Haldyn Glass'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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Haldyn Glass ROCE % Chart

Haldyn Glass Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.93

9.84

9.64

18.47

16.28

Haldyn Glass Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															11.28	25.13	4.47	14.29	20.04

Haldyn Glass ROCE % Calculation

Haldyn Glass's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	419.919	/	( ( (2713.738 - 629.822)	+	(4495.853 - 1422.176) )	/ 2 )
	=	419.919	/	( (2083.916	+	3073.677)	/ 2 )
	=	419.919	/	2578.7965
	=	16.28 %

Haldyn Glass's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	616.028	/	( ( (0 - 0)	+	(4495.853 - 1422.176) )	/ 1 )
	=	616.028	/	( ( 0	+	3073.677 )	/ 1 )
	=	616.028	/	3073.677
	=	20.04 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Haldyn Glass (BOM:515147) 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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Haldyn Glass (BOM:515147) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Haldyn Glass Ltd (BOM:515147) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off Western Express Highway, B-1201, Lotus Corporate Park, Goregaon (East), Mumbai, MH, IND, 400063

Website

http://www.haldynglass.com

Haldyn Glass Ltd is engaged in the business of manufacturing glass containers and bottles. It manufactures Vials which are used in the pharmaceutical industry, and Clear bottles which are used in the liquor manufacturing industry, cosmetics industry, and the food and beverages industry. The company has one business segment namely, Glass bottles / containers. The company generates the majority of its revenue within India.

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