Tulsyan NEC (BOM:513629) ROCE % : 3.39% (As of Sep. 2024)

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What is Tulsyan NEC 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. Tulsyan NEC's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.39%.

Tulsyan NEC ROCE % Historical Data

The historical data trend for Tulsyan NEC'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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Tulsyan NEC ROCE % Chart

Tulsyan NEC Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.17

690.01

417.16

39.25

-7.19

Tulsyan NEC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															6.45	-3.13	-33.34	7.00	3.39

Tulsyan NEC ROCE % Calculation

Tulsyan NEC'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 )
	=	-449.393	/	( ( (9332.612 - 2733.905)	+	(8558.775 - 2661.247) )	/ 2 )
	=	-449.393	/	( (6598.707	+	5897.528)	/ 2 )
	=	-449.393	/	6248.1175
	=	-7.19 %

Tulsyan NEC's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	191.224	/	( ( (0 - 0)	+	(8775.96 - 3141.66) )	/ 1 )
	=	191.224	/	( ( 0	+	5634.3 )	/ 1 )
	=	191.224	/	5634.3
	=	3.39 %

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

Tulsyan NEC (BOM:513629) 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.

Tulsyan NEC ROCE % Related Terms

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Tulsyan NEC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tulsyan NEC Ltd (BOM:513629) » Definitions » ROCE %

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N/A

Address

Miller Tank Bund Road, No. 37, Kaveriappa Layout, Vasanth Nagar, Bangalore, KA, IND, 560 052

Website

http://www.tulsyannec.in

Tulsyan NEC Ltd is a manufacturer of Thermo Mechanically Treated (TMT) Bars in India. Its reportable segments are Steel, Synthetic, and Power. The company generates maximum revenue from the Steel segment. Its products include TMT Bars, sponge, billets, and ingots in the steel division, and in the synthetic division, it includes PP Woven Sacks, FIBC and Woven Fabric. Geographically, it derives a majority of revenue from India.

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