Disa India (BOM:500068) ROCE % : 12.97% (As of Dec. 2023)

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What is Disa 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. Disa India's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.97%.

Disa India ROCE % Historical Data

The historical data trend for Disa 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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Disa India ROCE % Chart

Disa India Annual Data

Trend

Dec12

Dec13

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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33.23

26.38

17.99

26.02

18.98

Disa 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															6.19	25.35	38.20	18.48	12.97

Disa India ROCE % Calculation

Disa 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 )
	=	408.6	/	( ( (3369.8 - 1279.1)	+	(3553.6 - 1338.1) )	/ 2 )
	=	408.6	/	( (2090.7	+	2215.5)	/ 2 )
	=	408.6	/	2153.1
	=	18.98 %

Disa 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 )
	=	315.6	/	( ( (3960.2 - 1527.2)	+	(0 - 0) )	/ 1 )
	=	315.6	/	( ( 2433	+	0 )	/ 1 )
	=	315.6	/	2433
	=	12.97 %

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

Disa India (BOM:500068) 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.

Disa India ROCE % Related Terms

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Disa India (BOM:500068) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Disa India Ltd (BOM:500068) » Definitions » ROCE %

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Address

26/1, Dr. Rajkumar Road, Brigade Gateway Campus, 6th Floor, Unit No. S-604, World Trade Center, Malleswaram-Rajajinagar, Bengaluru, KA, IND, 560 055

Website

https://www.disagroup.com

Disa India Ltd is an India-based company engaged in the manufacture of foundry machinery and machinery parts. It develops and manufactures a range of metal casting production solutions for the ferrous and non-ferrous foundry industries. Its product portfolio includes DISAMATIC, DISA MATCH and DISA FLEX, among others. Manufacturing and selling of foundry machinery and machinery parts is identified as single operating segment of the company. Geographically the group caters its services in India and overseas markets, of which a majority of revenue is derived within India.

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