Taparia Tools (BOM:505685) ROCE % : 46.32% (As of Dec. 2024)

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What is Taparia Tools 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. Taparia Tools's annualized ROCE % for the quarter that ended in Dec. 2024 was 46.32%.

Taparia Tools ROCE % Historical Data

The historical data trend for Taparia Tools'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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Taparia Tools ROCE % Chart

Taparia Tools Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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27.88

34.34

38.59

37.62

44.98

Taparia Tools 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															51.34	47.38	50.22	46.83	46.32

Taparia Tools ROCE % Calculation

Taparia Tools'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 )
	=	1335.89	/	( ( (3490.955 - 752.221)	+	(4095.823 - 894.93) )	/ 2 )
	=	1335.89	/	( (2738.734	+	3200.893)	/ 2 )
	=	1335.89	/	2969.8135
	=	44.98 %

Taparia Tools'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 )
	=	1628.02	/	( ( (4436.328 - 921.492)	+	(0 - 0) )	/ 1 )
	=	1628.02	/	( ( 3514.836	+	0 )	/ 1 )
	=	1628.02	/	3514.836
	=	46.32 %

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

Taparia Tools (BOM:505685) 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.

Taparia Tools ROCE % Related Terms

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Taparia Tools Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Taparia Tools Ltd (BOM:505685) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

423/424, (A-2), Shah and Nahar, Lower Parel (West), Mumbai, MH, IND, 400013

Website

https://www.tapariatools.com

Taparia Tools Ltd manufactures and trades in hand tools in India. It offers Adjustable spanners, Pliers, Mini pliers, Screwdriver bits and sets, Toolsets, Sockets, Socket accessories, Socket sets, Torque wrenches, Pipe wrenches and vice, Hammers, Clamps, Wheel spanners and sets, Spanners and sets, Chisels, Punches, Magnetic products, Cutters, Hacksaw blades, Gear pullers, Allen keys and sets, Tools trolley, Spirit levels, Cutting blades, Non-sparking tools, Testers, and other products. It has a business segment which is into manufacturing Handtools. The group mainly operates in India.

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