Bharat Bijlee (BOM:503960) ROCE % : 13.88% (As of Mar. 2024)

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What is Bharat Bijlee 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. Bharat Bijlee's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.88%.

Bharat Bijlee ROCE % Historical Data

The historical data trend for Bharat Bijlee'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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Bharat Bijlee ROCE % Chart

Bharat Bijlee Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.74

6.09

8.82

10.23

11.36

Bharat Bijlee 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															12.12	10.78	10.82	11.62	13.88

Bharat Bijlee ROCE % Calculation

Bharat Bijlee'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 )
	=	1946.8	/	( ( (20515.194 - 6072.479)	+	(25049.3 - 5211.5) )	/ 2 )
	=	1946.8	/	( (14442.715	+	19837.8)	/ 2 )
	=	1946.8	/	17140.2575
	=	11.36 %

Bharat Bijlee'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 )
	=	2754	/	( ( (0 - 0)	+	(25049.3 - 5211.5) )	/ 1 )
	=	2754	/	( ( 0	+	19837.8 )	/ 1 )
	=	2754	/	19837.8
	=	13.88 %

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

Bharat Bijlee (BOM:503960) 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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Bharat Bijlee (BOM:503960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bharat Bijlee Ltd (BOM:503960) » Definitions » ROCE %

Traded in Other Exchanges

BBL:India

Address

Appasaheb Marathe Marg, 6th Floor, Electric Mansion, Prabhadevi, Mumbai, MH, IND, 400025

Website

https://www.bharatbijlee.com

Bharat Bijlee Ltd offers electric motors and transformers. The company's operating segment includes Power Systems and Industrial Systems. The Power Systems segment comprises the design, commissioning, and marketing of power transformers; EPC projects for electrical substations including delivery, rectification, commissioning, and servicing of transformers and marketing of maintenance products. The Industrial systems segment generates the majority of revenue, and it comprises the development, marketing, and manufacture of a wide range of standard and customized electric motors; magnet technology machines, and the engineering and supply of Drives and Automation systems. Geographically it has a presence in India and Outside India, of which a majority of revenue is derived from India.

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