Omax Autos (BOM:520021) ROCE % : 32.02% (As of Mar. 2024)

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What is Omax Autos 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. Omax Autos's annualized ROCE % for the quarter that ended in Mar. 2024 was 32.02%.

Omax Autos ROCE % Historical Data

The historical data trend for Omax Autos'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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Omax Autos ROCE % Chart

Omax Autos Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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19.27

3.01

11.01

1.35

11.16

Omax Autos 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															7.07	4.20	3.72	5.28	32.02

Omax Autos ROCE % Calculation

Omax Autos'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 )
	=	437.884	/	( ( (4949.634 - 1031.089)	+	(4997.073 - 1065.818) )	/ 2 )
	=	437.884	/	( (3918.545	+	3931.255)	/ 2 )
	=	437.884	/	3924.9
	=	11.16 %

Omax Autos'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 )
	=	1258.936	/	( ( (0 - 0)	+	(4997.073 - 1065.818) )	/ 1 )
	=	1258.936	/	( ( 0	+	3931.255 )	/ 1 )
	=	1258.936	/	3931.255
	=	32.02 %

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

Omax Autos (BOM:520021) 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.

Omax Autos ROCE % Related Terms

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Omax Autos (BOM:520021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Omax Autos Ltd (BOM:520021) » Definitions » ROCE %

Comparable Companies

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OMAXAUTO:India

Address

Plot No. B-26, Institutional Area, Sector 32, Gurugram, HR, IND, 122001

Website

https://www.omaxauto.com

Omax Autos Ltd is engaged in the manufacturing and selling of sheet metal components. The company works in the automotive components and parts segment in the two-wheeler and four-wheeler industries. It manages its business in automotive, railways and heavy fabrication, and energy areas. It offers frame assembly, step pavilion, and Saree Guard, among others for two-wheelers. It offers connecting rods, coupling connections, and Silent Block, among others for three-wheelers. The company's off-highway product range includes a front axle, clutch pedal, and brake pedal. Its railways and heavy fabrication products include coach building and retention tanks. The company through its energy business division promotes green energy generation.

Omax Autos (BOM:520021) Headlines

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