International Combustion (India) (BOM:505737) ROCE % : 31.24% (As of Dec. 2023)

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What is International Combustion (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. International Combustion (India)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 31.24%.

International Combustion (India) ROCE % Historical Data

The historical data trend for International Combustion (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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International Combustion (India) ROCE % Chart

International Combustion (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.57

-2.26

-6.61

5.76

12.34

International Combustion (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															21.82	15.06	39.96	29.31	31.24

International Combustion (India) ROCE % Calculation

International Combustion (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 )
	=	122.326	/	( ( (1485.164 - 526.814)	+	(1690.87 - 666.716) )	/ 2 )
	=	122.326	/	( (958.35	+	1024.154)	/ 2 )
	=	122.326	/	991.252
	=	12.34 %

International Combustion (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 )
	=	359.14	/	( ( (2061.746 - 912.21)	+	(0 - 0) )	/ 1 )
	=	359.14	/	( ( 1149.536	+	0 )	/ 1 )
	=	359.14	/	1149.536
	=	31.24 %

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

International Combustion (India) (BOM:505737) 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.

International Combustion (India) ROCE % Related Terms

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International Combustion (India) (BOM:505737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » International Combustion (India) Ltd (BOM:505737) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Infinity Benchmark, 11th Floor, Plot Number G-1, Block-EP & GP, Sector-V, Salt Lake Electronics Complex, Kolkata, WB, IND, 700091

Website

https://www.internationalcombustion.in

International Combustion (India) Ltd engages in the manufacturing of heavy engineering equipment. Its segments consist of Mineral & Material Processing and Handling Equipment, Gear Box and Geared Motor Drive System, and Building Material Division. The company's product portfolio includes vibrating screens and feeders, cone crushers, bulk material handling equipment, mining haulages, Raymond grinding mills, air classifiers, flash drying systems, and geared motors and gearboxes. Geographically, it generates the majority of its revenue from India.

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