Deltron (BOM:504256) ROCE % : 36.55% (As of Mar. 2019)

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What is Deltron 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. Deltron's annualized ROCE % for the quarter that ended in Mar. 2019 was 36.55%.

Deltron ROCE % Historical Data

The historical data trend for Deltron'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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Deltron ROCE % Chart

Deltron Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

ROCE %

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-4.25

4.99

0.52

-2.16

7.89

Deltron Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
ROCE %	Get a 7-Day Free Trial															-3.19	-1.04	-3.65	-2.20	36.55

Deltron ROCE % Calculation

Deltron's annualized ROCE % for the fiscal year that ended in Mar. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2019 )		(A: Mar. 2018 )		(A: Mar. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2019 )		(A: Mar. 2018 )		(A: Mar. 2019 )
	=	6.754	/	( ( (85.805 - 3.816)	+	(91.587 - 2.282) )	/ 2 )
	=	6.754	/	( (81.989	+	89.305)	/ 2 )
	=	6.754	/	85.647
	=	7.89 %

Deltron's ROCE % of for the quarter that ended in Mar. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	32.644	/	( ( (0 - 0)	+	(91.587 - 2.282) )	/ 1 )
	=	32.644	/	( ( 0	+	89.305 )	/ 1 )
	=	32.644	/	89.305
	=	36.55 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2019) EBIT data.

Deltron (BOM:504256) 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.

Deltron ROCE % Related Terms

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Deltron (BOM:504256) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Deltron Ltd (BOM:504256) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

C-120, Naraina Industrial Area, New Delhi, IND, 110 028

Website

http://www.deltronlimited.in

Deltron Ltd is engaged in the trading of a variety of goods including Electrical/ Electronic Goods, Mechanical Goods, Equipment, Tools, and others. It derives revenue from the sale of Industrial Products. The company products include Jacks and Spares.

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