Bharat Gears (BOM:505688) ROCE % : -16.03% (As of Dec. 2024)

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What is Bharat Gears 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 Gears's annualized ROCE % for the quarter that ended in Dec. 2024 was -16.03%.

Bharat Gears ROCE % Historical Data

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

Bharat Gears Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-2.70

6.22

26.68

14.83

0.76

Bharat Gears 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															-5.17	-1.63	3.82	38.22	-16.03

Bharat Gears ROCE % Calculation

Bharat Gears'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 )
	=	16.585	/	( ( (4071.819 - 1774.706)	+	(3854.84 - 1793.749) )	/ 2 )
	=	16.585	/	( (2297.113	+	2061.091)	/ 2 )
	=	16.585	/	2179.102
	=	0.76 %

Bharat Gears'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 )
	=	-333.2	/	( ( (4145.6 - 2067.2)	+	(0 - 0) )	/ 1 )
	=	-333.2	/	( ( 2078.4	+	0 )	/ 1 )
	=	-333.2	/	2078.4
	=	-16.03 %

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

Bharat Gears (BOM:505688) 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.

Bharat Gears ROCE % Related Terms

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Bharat Gears Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Bharat Gears Ltd (BOM:505688) » Definitions » ROCE %

Traded in Other Exchanges

BHARATGEAR:India

Address

14th Floor, Hoechst House, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.bharatgears.com

Bharat Gears Ltd is engaged in the automotive gears business. The company offers a wide range of gear products such as ring gears and pinions, transmission gears and shafts, differential gears, gearboxes and heat treatment furnaces. The company caters to the commercial vehicle, agricultural machinery, construction equipment segments and other. It has a presence in India and USA, Mexico, Spain, and Other countries.

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