Inducto Steel (BOM:532001) ROCE % : 8.57% (As of Dec. 2023)

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What is Inducto Steel 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. Inducto Steel's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.57%.

Inducto Steel ROCE % Historical Data

The historical data trend for Inducto Steel'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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Inducto Steel ROCE % Chart

Inducto Steel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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3.91

0.76

-3.24

6.93

4.38

Inducto Steel 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															-	9.96	5.90	19.14	8.57

Inducto Steel ROCE % Calculation

Inducto Steel'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 )
	=	18.814	/	( ( (825.389 - 399.501)	+	(594.21 - 161.671) )	/ 2 )
	=	18.814	/	( (425.888	+	432.539)	/ 2 )
	=	18.814	/	429.2135
	=	4.38 %

Inducto Steel'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 )
	=	37.244	/	( ( (1146.017 - 711.428)	+	(0 - 0) )	/ 1 )
	=	37.244	/	( ( 434.589	+	0 )	/ 1 )
	=	37.244	/	434.589
	=	8.57 %

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

Inducto Steel (BOM:532001) 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.

Inducto Steel ROCE % Related Terms

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Inducto Steel (BOM:532001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Inducto Steel Ltd (BOM:532001) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

220, Jamnalal Bajaj Marg, 156, Maker Chambers VI, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.hariyanagroup.com

Inducto Steel Ltd is a company that operates in ship breaking business. The activities of the group function through Mumbai in trading and investments and via Bhavnagar in shipbreaking and trading segments. The Trading segment engages in the business of trading in metal scrap, coals, graphite electrodes, and other industrial inouts. The Ship Breaking segment includes dismantling or breaking old and used ships. Geographically activities are carried out throughout the region of India. The majority of the revenue is generated from Manufactured products.

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