Rapicut Carbides (BOM:500360) ROCE % : 11.89% (As of Mar. 2024)

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What is Rapicut Carbides 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. Rapicut Carbides's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.89%.

Rapicut Carbides ROCE % Historical Data

The historical data trend for Rapicut Carbides'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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Rapicut Carbides ROCE % Chart

Rapicut Carbides Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-0.37

-4.48

-2.11

-3.61

4.58

Rapicut Carbides 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															-0.22	-6.29	0.57	12.43	11.89

Rapicut Carbides ROCE % Calculation

Rapicut Carbides'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 )
	=	10.407	/	( ( (341.234 - 116.361)	+	(336.359 - 106.702) )	/ 2 )
	=	10.407	/	( (224.873	+	229.657)	/ 2 )
	=	10.407	/	227.265
	=	4.58 %

Rapicut Carbides'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 )
	=	27.3	/	( ( (0 - 0)	+	(336.359 - 106.702) )	/ 1 )
	=	27.3	/	( ( 0	+	229.657 )	/ 1 )
	=	27.3	/	229.657
	=	11.89 %

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

Rapicut Carbides (BOM:500360) 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.

Rapicut Carbides ROCE % Related Terms

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Rapicut Carbides (BOM:500360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rapicut Carbides Ltd (BOM:500360) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

On National Highway BOM-AHM, Plot Number 119, GIDC Industrial Area, Ankleshwar, GJ, IND, 393 002

Website

http://www.rapicutcarbides.com

Rapicut Carbides Ltd is engaged in manufacturing Tungsten Carbide Tips, Inserts and other Carbide products from ore stage. It manufactures a wide range of Tungsten Carbide products such as Tungsten Carbide Tips, Tungsten Carbide Inserts, Wire Drawing Nibs, Bar and Tube drawing Pellets, Tungsten Carbide Rings, Flats, Jute Eyelets, Solid Carbide Cutters and a wide range of Tool Room Products. Geographically the company derives key revenue from India.

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