Rain Industries (BOM:500339) ROCE % : -4.38% (As of Dec. 2023)

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What is Rain Industries 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. Rain Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.38%.

Rain Industries ROCE % Historical Data

The historical data trend for Rain Industries'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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Rain Industries ROCE % Chart

Rain Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.49

8.87

11.02

16.53

1.78

Rain Industries Semi-Annual Data
	Mar05	Mar06	Mar07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial														1.87	3.62	2.02	2.66	-4.38

Rain Industries ROCE % Calculation

Rain Industries's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	3117.87	/	( ( (221734.09 - 39183.56)	+	(200088.94 - 32419.78) )	/ 2 )
	=	3117.87	/	( (182550.53	+	167669.16)	/ 2 )
	=	3117.87	/	175109.845
	=	1.78 %

Rain Industries'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-7340.27	/	( ( (221734.09 - 39183.56)	+	(200088.94 - 32419.78) )	/ 2 )
	=	-7340.27	/	( ( 182550.53	+	167669.16 )	/ 2 )
	=	-7340.27	/	175109.845
	=	-4.19 %

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

Rain Industries (BOM:500339) 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.

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Rain Industries (BOM:500339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rain Industries Ltd (BOM:500339) » Definitions » ROCE %

Traded in Other Exchanges

RAIN:India

Address

34, Srinagar Colony, Rain Center, Hyderabad, TG, IND, 500073

Website

https://www.rain-industries.com

Rain Industries Ltd engages in the production of cement and other related products. The group operates through three segments namely Carbon Products, Advanced Materials, and Cement. The product portfolio of the group consists of Calcined Petroleum Coke, Green Petroleum Coke, Coal Tar Pitch, Co-generated Energy and other derivatives of coal tar distillation. In addition, it also focuses on the downstream operations of coal tar distillation and modifiers and is also involved in the manufacture and sale of cement. Geographically, the business of the firm is spread across the region of Europe, the United States, North America, Asia, and others.

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