Bheema Cements (BOM:518017) ROCE % : -53.97% (As of Mar. 2024)

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What is Bheema Cements 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. Bheema Cements's annualized ROCE % for the quarter that ended in Mar. 2024 was -53.97%.

Bheema Cements ROCE % Historical Data

The historical data trend for Bheema Cements'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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Bheema Cements ROCE % Chart

Bheema Cements Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-12.29

-13.78

-22.04

-39.64

-39.61

Bheema Cements Quarterly Data
	Dec17	Mar18	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-48.51	-32.19	-38.08	-38.09	-53.97

Bheema Cements ROCE % Calculation

Bheema Cements'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 )
	=	-305.451	/	( ( (2939.769 - 2016.199)	+	(2651.157 - 2032.497) )	/ 2 )
	=	-305.451	/	( (923.57	+	618.66)	/ 2 )
	=	-305.451	/	771.115
	=	-39.61 %

Bheema Cements'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 )
	=	-333.876	/	( ( (0 - 0)	+	(2651.157 - 2032.497) )	/ 1 )
	=	-333.876	/	( ( 0	+	618.66 )	/ 1 )
	=	-333.876	/	618.66
	=	-53.97 %

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

Bheema Cements (BOM:518017) 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.

Bheema Cements ROCE % Related Terms

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Bheema Cements Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Bheema Cements Ltd (BOM:518017) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

6-3-652/C/A, Flat 5A, Kautilya, Amrutha Estates, Opposite Vijaya Bank, Beside Medinova, Somajiguda, Hyderabad, TG, IND, 500082

Website

https://www.bheemacements.net

Bheema Cements Ltd is an Indian based company engaged in manufacturing and sale of Cement. Its products include Portland cement, aluminous cement, slag cement, supersulphate cement and similar hydraulic cements. In the Indian market, the company operates through a network of dealers and agents for the sale of its products. Geographically, the group operations are located in India.

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