Inertia Steel (BOM:512025) ROCE % : -6.71% (As of Mar. 2024)

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What is Inertia Steel 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. Inertia Steel's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.71%.

Inertia Steel ROCE % Historical Data

The historical data trend for Inertia Steel'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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Inertia Steel ROCE % Chart

Inertia Steel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.45

0.54

-30.03

78.64

-7.53

Inertia Steel 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															-3.84	6.76	2.99	-32.01	-6.71

Inertia Steel ROCE % Calculation

Inertia Steel'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 )
	=	-0.219	/	( ( (4.59 - 1.571)	+	(5.212 - 2.412) )	/ 2 )
	=	-0.219	/	( (3.019	+	2.8)	/ 2 )
	=	-0.219	/	2.9095
	=	-7.53 %

Inertia Steel'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 )
	=	-0.188	/	( ( (0 - 0)	+	(5.212 - 2.412) )	/ 1 )
	=	-0.188	/	( ( 0	+	2.8 )	/ 1 )
	=	-0.188	/	2.8
	=	-6.71 %

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

Inertia Steel (BOM:512025) 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.

Inertia Steel ROCE % Related Terms

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Inertia Steel (BOM:512025) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Inertia Steel Ltd (BOM:512025) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

422, Tulsiani Chamber, Nariman Point, Mumbai, MH, IND, 400 021

Website

https://www.inertiasteel.com

Inertia Steel Ltd is engaged in the business as merchants, commission agents, brokers, buyers, sellers, importer, exporter, dealers, and business agents, trading in iron and steel and others. The firm derives revenue from the sale of Steel and Fabricated items.

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