Bharat Heavy Electricals (BOM:500103) ROCE % : -0.06% (As of Dec. 2023)

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What is Bharat Heavy Electricals 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. Bharat Heavy Electricals's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.06%.

Bharat Heavy Electricals ROCE % Historical Data

The historical data trend for Bharat Heavy Electricals'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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Bharat Heavy Electricals ROCE % Chart

Bharat Heavy Electricals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.16

-0.39

-8.95

2.37

2.82

Bharat Heavy Electricals 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															2.21	11.53	-3.27	-2.90	-0.06

Bharat Heavy Electricals ROCE % Calculation

Bharat Heavy Electricals'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 )
	=	10008.7	/	( ( (562437.6 - 213711.5)	+	(593697.9 - 233514.4) )	/ 2 )
	=	10008.7	/	( (348726.1	+	360183.5)	/ 2 )
	=	10008.7	/	354454.8
	=	2.82 %

Bharat Heavy Electricals'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 )
	=	-212.4	/	( ( (609191.6 - 256190.1)	+	(0 - 0) )	/ 1 )
	=	-212.4	/	( ( 353001.5	+	0 )	/ 1 )
	=	-212.4	/	353001.5
	=	-0.06 %

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

Bharat Heavy Electricals (BOM:500103) 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.

Bharat Heavy Electricals ROCE % Related Terms

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Bharat Heavy Electricals (BOM:500103) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bharat Heavy Electricals Ltd (BOM:500103) » Definitions » ROCE %

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BHEL:India

Address

BHEL House, Siri Fort, New Delhi, IND, 110 049

Website

https://www.bhel.com

Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer and one of the largest engineering and manufacturing companies in India. Its products and services serve power, transportation, energy, oil and gas, defence, and other industrial markets. The company has three business segments: Power (which contributes the majority of total revenue), Industry sector and International Operations. Bharat's product portfolio consists of heavy industrial equipment and components, including turbines, valves, pumps, boilers, and insulators. In addition, the company offers aftersales service to customers for maintenance and repairs and can help synchronize power plants. The majority of total revenue is derived from India, but the company has a footprint in many different regions.

Bharat Heavy Electricals (BOM:500103) Headlines

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