Timken India (BOM:522113) ROCE % : 14.75% (As of Dec. 2024)

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What is Timken India 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. Timken India's annualized ROCE % for the quarter that ended in Dec. 2024 was 14.75%.

Timken India ROCE % Historical Data

The historical data trend for Timken India'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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Timken India ROCE % Chart

Timken India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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19.58

12.50

27.46

27.08

22.74

Timken India Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															16.02	29.85	20.83	18.60	14.75

Timken India ROCE % Calculation

Timken India'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 )
	=	5280.03	/	( ( (25565.34 - 4273.26)	+	(29875.8 - 4731.96) )	/ 2 )
	=	5280.03	/	( (21292.08	+	25143.84)	/ 2 )
	=	5280.03	/	23217.96
	=	22.74 %

Timken India's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	3951.36	/	( ( (32001.22 - 5214.24)	+	(0 - 0) )	/ 1 )
	=	3951.36	/	( ( 26786.98	+	0 )	/ 1 )
	=	3951.36	/	26786.98
	=	14.75 %

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

Timken India (BOM:522113) 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.

Timken India ROCE % Related Terms

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Timken India Business Description

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TIMKEN:India

Address

Phase II, Hosur Road, No. 39-42, Electronic City, Bangalore, KA, IND, 560100

Website

https://www.timken.com

Timken India Ltd is an India-based company that manufactures, distributes, and services bearings and related components. The company also provides repair and maintenance services for industrial gearboxes. The company's products, predominantly engineered bearings, and mechanical power transmission products, are marketed under brand names including Timken, Beka, Diamond, Drives, and others. The company's clients come from defense, mining, metals, and civil aerospace sectors. Timken India generates the majority of its sales from the Indian domestic market and the rest from the United States of America, and other countries.

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