Alfred Herbert (India) (BOM:505216) ROCE % : 0.17% (As of Dec. 2023)

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What is Alfred Herbert (India) 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. Alfred Herbert (India)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 0.17%.

Alfred Herbert (India) ROCE % Historical Data

The historical data trend for Alfred Herbert (India)'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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Alfred Herbert (India) ROCE % Chart

Alfred Herbert (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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3.00

1.55

0.13

1.81

1.79

Alfred Herbert (India) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															0.37	2.67	0.47	1.02	0.17

Alfred Herbert (India) ROCE % Calculation

Alfred Herbert (India)'s annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	20.049	/	( ( (1139.997 - 6.984)	+	(1110.315 - 3.651) )	/ 2 )
	=	20.049	/	( (1133.013	+	1106.664)	/ 2 )
	=	20.049	/	1119.8385
	=	1.79 %

Alfred Herbert (India)'s ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	2.024	/	( ( (1176.066 - 0.378)	+	(0 - 0) )	/ 1 )
	=	2.024	/	( ( 1175.688	+	0 )	/ 1 )
	=	2.024	/	1175.688
	=	0.17 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Alfred Herbert (India) (BOM:505216) 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.

Alfred Herbert (India) ROCE % Related Terms

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Alfred Herbert (India) (BOM:505216) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Alfred Herbert (India) Ltd (BOM:505216) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

13/3, Strand Road, Herbert House, Kolkata, WB, IND, 700 001

Website

http://www.alfredherbert.co.in

Alfred Herbert (India) Ltd is engaged in the business of manufacturing and trading industrial machinery and spares. The company's operating segment includes Manufacturing Operations, Realty and Business Services, and Others. It generates maximum revenue from the Manufacturing Operations segment. Geographically, it operates only in India. The company serves the engineering, automobile, aeronautical, defense and space industries. It produces a wide range of rubber machinery focusing on the Tyre and Rubber Industry including Tyre Curing Presses, Tyre Building Machines, Mixers, Two Roll Mills, and Tube Presses.

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