Fine-Line Circuits (BOM:517264) ROCE % : 12.97% (As of Dec. 2023)

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What is Fine-Line Circuits 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. Fine-Line Circuits's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.97%.

Fine-Line Circuits ROCE % Historical Data

The historical data trend for Fine-Line Circuits'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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Fine-Line Circuits ROCE % Chart

Fine-Line Circuits Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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8.33

5.70

6.41

16.96

6.08

Fine-Line Circuits Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.81	4.32	1.95	2.88	12.97

Fine-Line Circuits ROCE % Calculation

Fine-Line Circuits's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	5.123	/	( ( (161.201 - 77.938)	+	(184.922 - 99.766) )	/ 2 )
	=	5.123	/	( (83.263	+	85.156)	/ 2 )
	=	5.123	/	84.2095
	=	6.08 %

Fine-Line Circuits's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	10.804	/	( ( (195.818 - 112.486)	+	(0 - 0) )	/ 1 )
	=	10.804	/	( ( 83.332	+	0 )	/ 1 )
	=	10.804	/	83.332
	=	12.97 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Fine-Line Circuits (BOM:517264) 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.

Fine-Line Circuits ROCE % Related Terms

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Fine-Line Circuits (BOM:517264) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fine-Line Circuits Ltd (BOM:517264) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

145, SDF-V, Seepz (Special Economic Zone), Andheri (East), Mumbai, MH, IND, 400096

Website

https://www.finelineindia.com

Fine-Line Circuits Ltd is engaged in the production and distribution of electrical components and related products. The company's product portfolio includes products like Printed circuit boards (PCBs) which also contribute maximum revenue. Its products comprise High-frequency microwave PCBs, Multilayer PCBs, High copper PCBs, Backplane PCBs, and Impedance-controlled PCBs. Geographically company generates revenue from the sale of PCBs from both India as well as exports outside India.

Fine-Line Circuits (BOM:517264) Headlines

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