Gabriel India (BOM:505714) ROCE % : 25.57% (As of Mar. 2024)

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What is Gabriel 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. Gabriel India's annualized ROCE % for the quarter that ended in Mar. 2024 was 25.57%.

Gabriel India ROCE % Historical Data

The historical data trend for Gabriel 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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Gabriel India ROCE % Chart

Gabriel India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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15.73

11.86

16.91

21.27

25.42

Gabriel India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															20.18	26.38	25.58	23.74	25.57

Gabriel India ROCE % Calculation

Gabriel India'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 )
	=	2520.75	/	( ( (14280.02 - 5193.08)	+	(17794.82 - 7050.24) )	/ 2 )
	=	2520.75	/	( (9086.94	+	10744.58)	/ 2 )
	=	2520.75	/	9915.76
	=	25.42 %

Gabriel India's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	2747.56	/	( ( (0 - 0)	+	(17794.82 - 7050.24) )	/ 1 )
	=	2747.56	/	( ( 0	+	10744.58 )	/ 1 )
	=	2747.56	/	10744.58
	=	25.57 %

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

Gabriel India (BOM:505714) 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.

Gabriel India ROCE % Related Terms

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Gabriel India (BOM:505714) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Gabriel India Ltd (BOM:505714) » Definitions » ROCE %

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GABRIEL:India

Address

29th Milestone, Pune-Nashik Highway, Village Kuruli, Taluka Khed, Pune, MH, IND, 410 501

Website

http://www.gabrielindia.com

Gabriel India Ltd is an Indian company that manufactures and sells auto components. It offers ride-control products catering to all segments of the automotive industry. The company provides a wide range of ride control products including Shock absorbers, Struts, Axle dampers, Cabin dampers and seat dampers, and Front forks, among others. The company primarily operates in India, and its products are also marketed outside India. It generates key revenue from within India. The customers of the company cover four-wheelers, two and three-wheelers, and commercial vehicles and railways, of which major revenue is derived from two and three-wheelers.

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