Escorts Kubota (NSE:ESCORTS) ROCE % : 14.33% (As of Mar. 2024)

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What is Escorts Kubota 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. Escorts Kubota's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.33%.

Escorts Kubota ROCE % Historical Data

The historical data trend for Escorts Kubota'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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Escorts Kubota ROCE % Chart

Escorts Kubota Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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21.22

27.66

15.53

10.52

15.93

Escorts Kubota 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															13.44	18.63	13.86	17.30	14.33

Escorts Kubota ROCE % Calculation

Escorts Kubota'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 )
	=	14147.4	/	( ( (100852.3 - 17159)	+	(112669.1 - 18722.6) )	/ 2 )
	=	14147.4	/	( (83693.3	+	93946.5)	/ 2 )
	=	14147.4	/	88819.9
	=	15.93 %

Escorts Kubota'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 )
	=	13466	/	( ( (0 - 0)	+	(112669.1 - 18722.6) )	/ 1 )
	=	13466	/	( ( 0	+	93946.5 )	/ 1 )
	=	13466	/	93946.5
	=	14.33 %

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

Escorts Kubota (NSE:ESCORTS) 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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Escorts Kubota (NSE:ESCORTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Escorts Kubota Ltd (NSE:ESCORTS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

500495:India

Address

15/5, Mathura Road, Faridabad, HR, IND, 121 003

Website

https://www.escortsgroup.com

Escorts Kubota Ltd is an Indian company manufacturing agricultural tractors and construction equipment. It manufactures engines for agricultural tractors, earth moving and material handling equipment, round and flat tubes, heating elements, and other machines. The company's operating segments include Agri machinery products, Construction equipment, Railway equipment, and Others. It generates maximum revenue from the Agri machinery products segment. Geographically, it derives a majority of its revenue from India. The company also trades in oils and lubricants, compressor accessories and spares, and others.

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