Nilachal Refractories (BOM:502294) ROCE % : -6.51% (As of Mar. 2024)

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What is Nilachal Refractories 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. Nilachal Refractories's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.51%.

Nilachal Refractories ROCE % Historical Data

The historical data trend for Nilachal Refractories'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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Nilachal Refractories ROCE % Chart

Nilachal Refractories Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-4.32

-5.47

-4.06

-6.34

-3.14

Nilachal Refractories 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															-14.36	-1.66	-2.31	-2.19	-6.51

Nilachal Refractories ROCE % Calculation

Nilachal Refractories'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 )
	=	-8.162	/	( ( (499.468 - 208.074)	+	(405.39 - 177.579) )	/ 2 )
	=	-8.162	/	( (291.394	+	227.811)	/ 2 )
	=	-8.162	/	259.6025
	=	-3.14 %

Nilachal Refractories'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 )
	=	-14.82	/	( ( (0 - 0)	+	(405.39 - 177.579) )	/ 1 )
	=	-14.82	/	( ( 0	+	227.811 )	/ 1 )
	=	-14.82	/	227.811
	=	-6.51 %

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

Nilachal Refractories (BOM:502294) 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.

Nilachal Refractories ROCE % Related Terms

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Nilachal Refractories (BOM:502294) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Nilachal Refractories Ltd (BOM:502294) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Lewis Road, Plot No. 598/599, Kedarnath Apartment, Mahabir Nagar, Bhubaneswar, OR, IND, 751002

Website

http://www.nilachal.in

Nilachal Refractories Ltd is an Indian company which is engaged in manufacturing of refractory motors, refractory bricks, refractory ceramic products and other. The product range of the company includes fireclay and high alumina refractories for blast furnaces, coke ovens steel teeming ladles, reheating furnaces, continuous casting units and refractories for non-ferrous industries, spall resistant bricks for severe thermal shock areas. It also manufactures alumina-based abrasion resistant bricks as well as thermal spalling resistant bricks for critical applications in ferrous and non-ferrous industries, high alumina abrasion resistant refractories and slide plate accessories.

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