ISMT (NSE:ISMTLTD) ROCE % : 7.47% (As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is ISMT 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. ISMT's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.47%.

ISMT ROCE % Historical Data

The historical data trend for ISMT'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.

ISMT ROCE % Chart

ISMT Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

8,487.34

11.43

17.20

ISMT 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															12.62	18.27	21.36	21.76	7.47

ISMT ROCE % Calculation

ISMT'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 )
	=	2786	/	( ( (19417.4 - 4025)	+	(21804.3 - 4793.6) )	/ 2 )
	=	2786	/	( (15392.4	+	17010.7)	/ 2 )
	=	2786	/	16201.55
	=	17.20 %

ISMT'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 )
	=	1270	/	( ( (0 - 0)	+	(21804.3 - 4793.6) )	/ 1 )
	=	1270	/	( ( 0	+	17010.7 )	/ 1 )
	=	1270	/	17010.7
	=	7.47 %

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

ISMT (NSE:ISMTLTD) 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.

ISMT ROCE % Related Terms

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

ISMT (NSE:ISMTLTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ISMT Ltd (NSE:ISMTLTD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

532479:India

Address

Panama House, Viman Nagar, Pune, MH, IND, 411014

Website

https://www.ismt.co.in

ISMT Ltd is engaged in the manufacturing of steel and seamless hallows and tubes and tubular products for the bearing, automotive, mining, general engineering, energy, and high-value Oil country tubular goods (OCTG) sectors. The firm's segments include the Tube segment and the Steel segment. It produces both hot-finished, as well as cold-finished seamless tubes. It produces carbon, alloy, and martensitic stainless steel bars with an emphasis on ultra-clean steels, free machining steels, bearing steels, and other specially engineered steel grades. Its tubes are used in a range of applications, such as the manufacture of auto-components, bearing races, OCTG products, and drill rods. Geographically, it generates the majority of its revenue from India.

ISMT (NSE:ISMTLTD) Headlines

No Headlines