Trishakti Industries (BOM:531279) ROCE % : 17.36% (As of Mar. 2024)

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What is Trishakti 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. Trishakti Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.36%.

Trishakti Industries ROCE % Historical Data

The historical data trend for Trishakti 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.

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Trishakti Industries ROCE % Chart

Trishakti Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.29

3.12

7.48

7.21

11.09

Trishakti Industries 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															-2.19	8.33	2.04	16.51	17.36

Trishakti Industries ROCE % Calculation

Trishakti Industries'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 )
	=	12.228	/	( ( (114.67 - 7.187)	+	(183.945 - 71.001) )	/ 2 )
	=	12.228	/	( (107.483	+	112.944)	/ 2 )
	=	12.228	/	110.2135
	=	11.09 %

Trishakti Industries'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 )
	=	19.612	/	( ( (0 - 0)	+	(183.945 - 71.001) )	/ 1 )
	=	19.612	/	( ( 0	+	112.944 )	/ 1 )
	=	19.612	/	112.944
	=	17.36 %

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

Trishakti Industries (BOM:531279) 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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Trishakti Industries (BOM:531279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trishakti Industries Ltd (BOM:531279) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Sector V, Godrej Genesis, 10th Floor, Unit No. 1007, Salt Lake City, Kolkata, WB, IND, 700 091

Website

http://www.trishakti.com

Trishakti Industries Ltd, formerly Trishakti Electronics & Industries Ltd is an infrastructure and Oil and Gas exploration service provider. It provides services to companies such as Oil and Natural Gas Corporation Ltd and other PSU's, private and multinational clients. The company is focused on providing advisory services for the seismic data center requirement; providing agency services to foreign service providers in the execution and management of the services in India; importing and trading for various spices from abroad and also focusing on the development of logistic services including warehousing, etc.

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