Twinstar Industries (BOM:531917) ROCE % : -2.74% (As of Dec. 2021)

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What is Twinstar 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. Twinstar Industries's annualized ROCE % for the quarter that ended in Dec. 2021 was -2.74%.

Twinstar Industries ROCE % Historical Data

The historical data trend for Twinstar 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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Twinstar Industries ROCE % Chart

Twinstar Industries Annual Data

Trend

Mar11

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

ROCE %

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7.00

4.60

6.17

-1.50

-15.13

Twinstar Industries Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
ROCE %	Get a 7-Day Free Trial															-1.92	-59.24	-	-0.03	-2.74

Twinstar Industries ROCE % Calculation

Twinstar Industries's annualized ROCE % for the fiscal year that ended in Mar. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2021 )		(A: Mar. 2020 )		(A: Mar. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2021 )		(A: Mar. 2020 )		(A: Mar. 2021 )
	=	-33.481	/	( ( (664.27 - 425.329)	+	(627.061 - 423.503) )	/ 2 )
	=	-33.481	/	( (238.941	+	203.558)	/ 2 )
	=	-33.481	/	221.2495
	=	-15.13 %

Twinstar Industries's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Sep. 2021 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Sep. 2021 )		(Q: Dec. 2021 )
	=	-5.58	/	( ( (627.062 - 423.513)	+	(0 - 0) )	/ 1 )
	=	-5.58	/	( ( 203.549	+	0 )	/ 1 )
	=	-5.58	/	203.549
	=	-2.74 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2021) EBIT data.

Twinstar Industries (BOM:531917) 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.

Twinstar Industries ROCE % Related Terms

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Twinstar Industries (BOM:531917) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Twinstar Industries Ltd (BOM:531917) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

TTC MIDC Industrial Area, Plot No. EL178, Mahape, Navi Mumbai, MH, IND, 400701

Website

https://www.twinstar.in

Twinstar Industries Ltd is engaged in providing trading services and internet protocol-based software solutions coupled with information technology services. The company also focuses on business intelligence and analytics services, infrastructure management services, testing and compliance, and others. It provides solutions for government, manufacturing, retail, distribution, telecom, and healthcare.

Twinstar Industries (BOM:531917) Headlines

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