Hindusthan National Glass & Industries (BOM:515145) ROCE % : 0.00% (As of Mar. 2024)

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What is Hindusthan National Glass & Industries 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. Hindusthan National Glass & Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Hindusthan National Glass & Industries ROCE % Historical Data

The historical data trend for Hindusthan National Glass & Industries'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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Hindusthan National Glass & Industries ROCE % Chart

Hindusthan National Glass & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.28

-11.20

Hindusthan National Glass & Industries 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															-	-	-	-	-

Hindusthan National Glass & Industries ROCE % Calculation

Hindusthan National Glass & Industries'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 )
	=	1668.333	/	( ( (28436.974 - 38160.128)	+	(28916.14 - 37079.438) )	/ 2 )
	=	1668.333	/	( (-9723.154	+	-8163.298)	/ 2 )
	=	1668.333	/	-8943.226
	=	-18.65 %

Hindusthan National Glass & Industries'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 )
	=	-1338.044	/	( ( (0 - 0)	+	(28916.14 - 37079.438) )	/ 1 )
	=	-1338.044	/	( ( 0	+	-8163.298 )	/ 1 )
	=	-1338.044	/	-8163.298
	=	0 %

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

Hindusthan National Glass & Industries (BOM:515145) 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.

Hindusthan National Glass & Industries ROCE % Related Terms

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Hindusthan National Glass & Industries (BOM:515145) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hindusthan National Glass & Industries Ltd (BOM:515145) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HINDNATGLS:India

Address

2, Red Cross Place, Post Box : 2722, Kolkata, WB, IND, 700 001

Website

https://www.hngil.com

Hindusthan National Glass & Industries Ltd is engaged in the manufacturing and selling of Container Glass Bottles. Geographically, it derives a majority of its revenue from India. The company primarily serves the pharmaceuticals, liquor, beer, beverages, cosmetics, and processed food industries. It also serves the overseas market.

Hindusthan National Glass & Industries (BOM:515145) Headlines

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