Triveni Turbine (NSE:TRITURBINE) ROCE % : 41.49% (As of Mar. 2024)

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What is Triveni Turbine 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. Triveni Turbine's annualized ROCE % for the quarter that ended in Mar. 2024 was 41.49%.

Triveni Turbine ROCE % Historical Data

The historical data trend for Triveni Turbine'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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Triveni Turbine ROCE % Chart

Triveni Turbine Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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31.75

22.23

48.16

31.14

40.90

Triveni Turbine 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															37.97	40.81	36.92	42.08	41.49

Triveni Turbine ROCE % Calculation

Triveni Turbine'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 )
	=	3604.5	/	( ( (13398.82 - 5621.21)	+	(16536.7 - 6686.4) )	/ 2 )
	=	3604.5	/	( (7777.61	+	9850.3)	/ 2 )
	=	3604.5	/	8813.955
	=	40.90 %

Triveni Turbine'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 )
	=	4087.2	/	( ( (0 - 0)	+	(16536.7 - 6686.4) )	/ 1 )
	=	4087.2	/	( ( 0	+	9850.3 )	/ 1 )
	=	4087.2	/	9850.3
	=	41.49 %

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

Triveni Turbine (NSE:TRITURBINE) 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.

Triveni Turbine ROCE % Related Terms

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Triveni Turbine (NSE:TRITURBINE) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Triveni Turbine Ltd (NSE:TRITURBINE) » Definitions » ROCE %

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533655:India

Address

Express Trade Towers, 8th Floor, 15-16, Sector 16A, Noida, UP, IND, 201301

Website

https://www.triveniturbines.com

Triveni Turbine Ltd is an India-based company that supplies power-generating equipment and solutions. The company offers back-pressure and condensing steam turbines, related spare parts, and aftermarket services. In addition, the company owns a partial stake in GE Triveni Limited, a joint venture cofounded by General Electric and Triveni Turbine. This joint venture offers a portfolio of steam turbine products in the global industrial power-generation market. Triveni Turbine's products are used in sectors including sugar, distillery, palm oil, independent power producers, and textiles. The company generates the majority of its sales from the Indian domestic market.

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