Indian Metals & Ferro Alloys (NSE:IMFA) ROCE % : 28.51% (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Indian Metals & Ferro Alloys 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. Indian Metals & Ferro Alloys's annualized ROCE % for the quarter that ended in Dec. 2023 was 28.51%.

Indian Metals & Ferro Alloys ROCE % Historical Data

The historical data trend for Indian Metals & Ferro Alloys'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.

* Premium members only.

Indian Metals & Ferro Alloys ROCE % Chart

Indian Metals & Ferro Alloys Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

4.74

-1.49

16.37

37.33

17.72

Indian Metals & Ferro Alloys 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															4.80	21.01	31.81	24.45	28.51

Indian Metals & Ferro Alloys ROCE % Calculation

Indian Metals & Ferro Alloys'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 )
	=	3500.7	/	( ( (28214.9 - 8580.4)	+	(26535.3 - 6652.2) )	/ 2 )
	=	3500.7	/	( (19634.5	+	19883.1)	/ 2 )
	=	3500.7	/	19758.8
	=	17.72 %

Indian Metals & Ferro Alloys'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 )
	=	6141.6	/	( ( (27948.3 - 6404.1)	+	(0 - 0) )	/ 1 )
	=	6141.6	/	( ( 21544.2	+	0 )	/ 1 )
	=	6141.6	/	21544.2
	=	28.51 %

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

Indian Metals & Ferro Alloys (NSE:IMFA) 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.

Indian Metals & Ferro Alloys ROCE % Related Terms

Thank you for viewing the detailed overview of Indian Metals & Ferro Alloys's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Indian Metals & Ferro Alloys (NSE:IMFA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Indian Metals & Ferro Alloys Ltd (NSE:IMFA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

533047:India

Address

IMFA Building, Bomikhal, P.O. Rasulgarh, Bhubaneswar, OR, IND, 751010

Website

https://www.imfa.in

Indian Metals & Ferro Alloys Ltd operates in the ferroalloys business. Its business activity primarily functions through Ferro Alloys, Power, Mining, and Other segments. The company generates maximum revenue from Ferro Alloys segment. Its Ferro Alloys segment focuses on ferro chrome, which imparts the non-corrosive property to stainless steel. Geographically, it derives a majority of revenue from Outside India.

Indian Metals & Ferro Alloys (NSE:IMFA) Headlines

No Headlines