Rolcon Engineering Co (BOM:505807) ROCE % : 26.60% (As of Mar. 2024)

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What is Rolcon Engineering Co 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. Rolcon Engineering Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 26.60%.

Rolcon Engineering Co ROCE % Historical Data

The historical data trend for Rolcon Engineering Co'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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Rolcon Engineering Co ROCE % Chart

Rolcon Engineering Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.66

7.91

29.07

27.95

26.91

Rolcon Engineering Co 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															33.50	13.39	18.05	48.31	26.60

Rolcon Engineering Co ROCE % Calculation

Rolcon Engineering Co'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 )
	=	54.025	/	( ( (283.779 - 95.098)	+	(372.881 - 160.087) )	/ 2 )
	=	54.025	/	( (188.681	+	212.794)	/ 2 )
	=	54.025	/	200.7375
	=	26.91 %

Rolcon Engineering Co'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 )
	=	56.608	/	( ( (0 - 0)	+	(372.881 - 160.087) )	/ 1 )
	=	56.608	/	( ( 0	+	212.794 )	/ 1 )
	=	56.608	/	212.794
	=	26.60 %

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

Rolcon Engineering Co (BOM:505807) 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.

Rolcon Engineering Co ROCE % Related Terms

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Rolcon Engineering Co (BOM:505807) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rolcon Engineering Co Ltd (BOM:505807) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Anand-Sojitra Road, Post Box No. 20, Anand, Vallabh Vidyanagar, GJ, IND, 388120

Website

http://www.rolconengineering.com

Rolcon Engineering Co Ltd is engaged in the business of manufacturing transmission precision roller chains, conveyors, elevators, and special purpose chains. The company earns revenue from the sales of Industrial chains and Sprocket wheels, of which a majority of revenue is generated from the sale of Industrial chains.The Company has identified its business of Manufacturing 'Engineering Goods which is its only segment. Some of the products manufactured by the company are bucket elevator chain, block link type conveyor chain, reclaimer scraper chain, rope-way chain, roller chain, simplex roller chain, leaf chain, ROL-KOBO sprocket, ROL-KOBO split type sprocket, mounted sprocket, and many more. Geographically, the revenue is generated from India.

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