Finolex Industries (BOM:500940) ROCE % : 3.79% (As of Sep. 2024)

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What is Finolex 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. Finolex Industries's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.79%.

Finolex Industries ROCE % Historical Data

The historical data trend for Finolex 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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Finolex Industries ROCE % Chart

Finolex Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.77

35.98

36.91

7.16

12.20

Finolex Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															9.80	9.35	15.19	43.86	3.79

Finolex Industries ROCE % Calculation

Finolex Industries'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 )
	=	6770.4	/	( ( (62850.7 - 11359.9)	+	(70578.5 - 11035.3) )	/ 2 )
	=	6770.4	/	( (51490.8	+	59543.2)	/ 2 )
	=	6770.4	/	55517
	=	12.20 %

Finolex Industries's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	2749.2	/	( ( (0 - 0)	+	(83933.6 - 11316.1) )	/ 1 )
	=	2749.2	/	( ( 0	+	72617.5 )	/ 1 )
	=	2749.2	/	72617.5
	=	3.79 %

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

Finolex Industries (BOM:500940) 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.

Finolex Industries ROCE % Related Terms

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Finolex Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Finolex Industries Ltd (BOM:500940) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FINPIPE:India

Address

Baner-Pashan Link Road, IndiQube -The Kode, 11th Floor, Baner Gaon, Haveli, Pune, MH, IND, 411045

Website

https://www.finolexpipes.com

Finolex Industries Ltd manufactures rigid polyvinyl chloride pipes and resins, and fittings. Pipes and fittings are developed out of manufacturing plants strategically located in India. Finolex's products are designed to meet a range of specifications such as size, pressure classes, and diameters. Traditionally, market participants in agriculture, housing, telecom, construction, and other industries have constituted the largest portion of the company's customer base. In addition to the number of manufacturing plants across India, Finolex depends on a network of direct and indirect retail outlets across the country to deliver its services to numerous industries.

Finolex Industries Headlines

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