Federal-Mogul Goetze (India) (NSE:FMGOETZE) ROCE % : 12.50% (As of Dec. 2023)

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What is Federal-Mogul Goetze (India) 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. Federal-Mogul Goetze (India)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 12.50%.

Federal-Mogul Goetze (India) ROCE % Historical Data

The historical data trend for Federal-Mogul Goetze (India)'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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Federal-Mogul Goetze (India) ROCE % Chart

Federal-Mogul Goetze (India) Annual Data

Trend

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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17.61

5.39

1.06

8.61

13.92

Federal-Mogul Goetze (India) 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															14.65	15.06	15.29	16.62	12.50

Federal-Mogul Goetze (India) ROCE % Calculation

Federal-Mogul Goetze (India)'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 )
	=	1449.171	/	( ( (13404.37 - 3513.083)	+	(14872.61 - 3943.326) )	/ 2 )
	=	1449.171	/	( (9891.287	+	10929.284)	/ 2 )
	=	1449.171	/	10410.2855
	=	13.92 %

Federal-Mogul Goetze (India)'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 )
	=	1442.8	/	( ( (15568.332 - 4026.961)	+	(0 - 0) )	/ 1 )
	=	1442.8	/	( ( 11541.371	+	0 )	/ 1 )
	=	1442.8	/	11541.371
	=	12.50 %

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

Federal-Mogul Goetze (India) (NSE:FMGOETZE) 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.

Federal-Mogul Goetze (India) ROCE % Related Terms

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Federal-Mogul Goetze (India) (NSE:FMGOETZE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Federal-Mogul Goetze (India) Ltd (NSE:FMGOETZE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

505744:India

Address

Golf Course Road, Sector-54, 10th Floor, Tower B, Paras Twin Towers, Gurugram, HR, IND, 122 002

Website

http://www.federalmogulgoetzeindia.net

Federal-Mogul Goetze (India) Ltd is engaged in the manufacture, supply, and distribution of automotive components used in automobiles. It offers Pistons, Piston rings, Sintered parts, and Cylinder liners which are used for cars, SUVs, tractors, commercial vehicles, stationary engines, and high-output locomotive diesel engines. It is principally in the automotive components segment. The group has a business presence in India and other countries, of which a majority of revenue is generated within India.

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