Triveni Glass (BOM:502281) ROCE % : 0.00% (As of Jun. 2024)

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What is Triveni Glass 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. Triveni Glass's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Triveni Glass ROCE % Historical Data

The historical data trend for Triveni Glass'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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Triveni Glass ROCE % Chart

Triveni Glass Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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123.98

0.43

-4,983.91

Triveni Glass Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Triveni Glass ROCE % Calculation

Triveni Glass'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 )
	=	30.621	/	( ( (57.565 - 224.173)	+	(72.866 - 220.34) )	/ 2 )
	=	30.621	/	( (-166.608	+	-147.474)	/ 2 )
	=	30.621	/	-157.041
	=	-19.50 %

Triveni Glass's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	14.772	/	( ( (72.866 - 220.34)	+	(71.123 - 214.941) )	/ 2 )
	=	14.772	/	( ( -147.474	+	-143.818 )	/ 2 )
	=	14.772	/	-145.646
	=	0 %

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

Triveni Glass (BOM:502281) 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.

Triveni Glass ROCE % Related Terms

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Triveni Glass Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Triveni Glass Ltd (BOM:502281) » Definitions » ROCE %

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Address

1 Kanpur Road, Prayagraj, UP, IND, 211001

Website

https://www.triveniglassltd.com

Triveni Glass Ltd is engaged in the manufacturing of glass. The firm manufactures and markets glass products. Its products include float, figured & wired, and sheet glass. The firm's glass products offer decorative benefits to architects, builders, and interior designers for a range of exciting applications in homes, restaurants, office interiors, and hotels.

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