BEML (BOM:500048) ROCE % : 40.28% (As of Mar. 2024)

View and export this data going back to 1995. Start your Free Trial

What is BEML 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. BEML's annualized ROCE % for the quarter that ended in Mar. 2024 was 40.28%.

BEML ROCE % Historical Data

The historical data trend for BEML'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.

BEML ROCE % Chart

BEML Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

1.74

3.48

7.22

9.38

12.40

BEML 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															35.95	-8.06	6.65	9.35	40.28

BEML ROCE % Calculation

BEML'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 )
	=	4206.4	/	( ( (50097.814 - 17862.913)	+	(54453.5 - 18868.3) )	/ 2 )
	=	4206.4	/	( (32234.901	+	35585.2)	/ 2 )
	=	4206.4	/	33910.0505
	=	12.40 %

BEML'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 )
	=	14333.2	/	( ( (0 - 0)	+	(54453.5 - 18868.3) )	/ 1 )
	=	14333.2	/	( ( 0	+	35585.2 )	/ 1 )
	=	14333.2	/	35585.2
	=	40.28 %

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

BEML (BOM:500048) 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.

BEML ROCE % Related Terms

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

BEML (BOM:500048) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » BEML Ltd (BOM:500048) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BEML:India

Address

No. 23/1, 4th Main Road, BEML Soudha, S.R. Nagar, Bengaluru, KA, IND, 560 027

Website

https://www.bemlindia.in

BEML Ltd is an India-based company that primarily operates through three segments. The mining and construction segment offers a wide range of mining machinery for both opencast and underground mines. This segment also comprises the company's holdings in a joint venture that takes up contract mining. The rail and metro segment provides rail coaches, overhead electric inspection cars, postal vans, and other equipment to Indian railways. The Defense segment provides military equipment to the Indian Army and other defence forces.

BEML (BOM:500048) Headlines

No Headlines