Hindustan Composites (BOM:509635) ROCE % : 4.78% (As of Dec. 2024)

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What is Hindustan Composites 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. Hindustan Composites's annualized ROCE % for the quarter that ended in Dec. 2024 was 4.78%.

Hindustan Composites ROCE % Historical Data

The historical data trend for Hindustan Composites'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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Hindustan Composites ROCE % Chart

Hindustan Composites Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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1.11

2.81

2.71

3.43

4.30

Hindustan Composites 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															3.44	3.88	4.30	3.70	4.78

Hindustan Composites ROCE % Calculation

Hindustan Composites'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 )
	=	426.664	/	( ( (9999.551 - 469.345)	+	(10810.045 - 506.381) )	/ 2 )
	=	426.664	/	( (9530.206	+	10303.664)	/ 2 )
	=	426.664	/	9916.935
	=	4.30 %

Hindustan Composites'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 )
	=	541.2	/	( ( (11892.4 - 570.7)	+	(0 - 0) )	/ 1 )
	=	541.2	/	( ( 11321.7	+	0 )	/ 1 )
	=	541.2	/	11321.7
	=	4.78 %

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

Hindustan Composites (BOM:509635) 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.

Hindustan Composites ROCE % Related Terms

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Hindustan Composites Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hindustan Composites Ltd (BOM:509635) » Definitions » ROCE %

Traded in Other Exchanges

HINDCOMPOS:India

Address

Senapati Bapat Marg, 8th Floor, 801, Peninsula Business Park, ‘A’ Tower, Lower Parel, Mumbai, IND, 400013

Website

https://www.hindcompo.com

Hindustan Composites Ltd is engaged in the business of manufacturing and marketing fiber-based friction materials. The company serves various industries, such as automotive, railways, engineering, mining, aerospace, steel, chemicals, oil exploration, and others. It offers friction materials such as Brake lining, Roll lining, Clutch facing, Disc Brake Pad, Brake Block, and others. It also offers industrial thrust bearing and insulation products comprising Millboard sheets, Millboard discs, and Competitors. Geographically, the group operates throughout the regions of India and derives revenue through the sale of its products. The group has two segments: Composite products and Investments. Composite product is the key revenue-generating segment.

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