India Motor Parts & Accessories (NSE:IMPAL) ROCE % : 4.27% (As of Dec. 2023)

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What is India Motor Parts & Accessories 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. India Motor Parts & Accessories's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.27%.

India Motor Parts & Accessories ROCE % Historical Data

The historical data trend for India Motor Parts & Accessories'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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India Motor Parts & Accessories ROCE % Chart

India Motor Parts & Accessories Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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4.37

5.89

5.24

5.11

6.89

India Motor Parts & Accessories Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.00	5.15	9.29	6.18	4.27

India Motor Parts & Accessories ROCE % Calculation

India Motor Parts & Accessories'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 )
	=	937.3	/	( ( (13685.8 - 800.3)	+	(15018.7 - 699.5) )	/ 2 )
	=	937.3	/	( (12885.5	+	14319.2)	/ 2 )
	=	937.3	/	13602.35
	=	6.89 %

India Motor Parts & Accessories'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 )
	=	794.8	/	( ( (19302.3 - 707)	+	(0 - 0) )	/ 1 )
	=	794.8	/	( ( 18595.3	+	0 )	/ 1 )
	=	794.8	/	18595.3
	=	4.27 %

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

India Motor Parts & Accessories (NSE:IMPAL) 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.

India Motor Parts & Accessories ROCE % Related Terms

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India Motor Parts & Accessories (NSE:IMPAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » India Motor Parts & Accessories Ltd (NSE:IMPAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

590065:India

Address

No. 46, Whites Road, Sundaram Towers, III Floor, SF Building, Royapettah, Chennai, TN, IND, 600 014

Website

http://www.impal.net

India Motor Parts & Accessories Ltd engages in the manufacture and distribution of automotive spares parts and accessories. The Company operates only in one business segment. Viz Sale and Distribution of Automotive Spares. Its product includes Oil seals, Gaskets, Hydraulic Brake Parts and Brake Fluid, Clutch Cover, Car fuel system components, Fuel injection parts, Auto cables, Radiators, Brake drums, Axles Shafts, Auto Electrical Components, Valves and Valve Guides, Automotive Bearings, and others.

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