Lakshmi Engineering and Warehousing (BOM:505302) ROCE % : -1.53% (As of Dec. 2024)

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What is Lakshmi Engineering and Warehousing 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. Lakshmi Engineering and Warehousing's annualized ROCE % for the quarter that ended in Dec. 2024 was -1.53%.

Lakshmi Engineering and Warehousing ROCE % Historical Data

The historical data trend for Lakshmi Engineering and Warehousing'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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Lakshmi Engineering and Warehousing ROCE % Chart

Lakshmi Engineering and Warehousing Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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29.19

19.35

16.97

13.95

14.72

Lakshmi Engineering and Warehousing Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															14.85	9.79	9.44	9.11	-1.53

Lakshmi Engineering and Warehousing ROCE % Calculation

Lakshmi Engineering and Warehousing'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 )
	=	38.17	/	( ( (318.331 - 62.432)	+	(328.431 - 65.705) )	/ 2 )
	=	38.17	/	( (255.899	+	262.726)	/ 2 )
	=	38.17	/	259.3125
	=	14.72 %

Lakshmi Engineering and Warehousing's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-4.148	/	( ( (364.863 - 93.122)	+	(0 - 0) )	/ 1 )
	=	-4.148	/	( ( 271.741	+	0 )	/ 1 )
	=	-4.148	/	271.741
	=	-1.53 %

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

Lakshmi Engineering and Warehousing (BOM:505302) 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.

Lakshmi Engineering and Warehousing ROCE % Related Terms

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Lakshmi Engineering and Warehousing Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lakshmi Engineering and Warehousing Ltd (BOM:505302) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

686, Avanashi Road, Pappanaickenpalayam, Coimbatore, TN, IND, 641037

Website

https://www.lakshmiautomatic.com

Lakshmi Engineering and Warehousing Ltd Formerly Lakshmi Automatic Loom Works Ltd manufactures textile machinery and related accessories. It is divided into two segments namely Warehousing Rental Services, and Other Engineering Services. The Warehousing Rental Services segment consists of Warehousing Rental income on the Land and Buildings at Hosur and the Other Engineering Services segment consists of the Manufacture and Sale of Accessories and Spares of Weaving and Knitting Machines and Parts and Accessories for Machine Tools. It gets a majority of its revenue from Warehousing Rental services.

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