Frontier Springs (BOM:522195) ROCE % : 41.66% (As of Dec. 2024)

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What is Frontier Springs 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. Frontier Springs's annualized ROCE % for the quarter that ended in Dec. 2024 was 41.66%.

Frontier Springs ROCE % Historical Data

The historical data trend for Frontier Springs'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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Frontier Springs ROCE % Chart

Frontier Springs Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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36.71

18.26

15.34

13.46

20.48

Frontier Springs 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															20.37	29.05	40.39	35.40	41.66

Frontier Springs ROCE % Calculation

Frontier Springs'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 )
	=	176.697	/	( ( (1099.183 - 310.251)	+	(1233.71 - 296.849) )	/ 2 )
	=	176.697	/	( (788.932	+	936.861)	/ 2 )
	=	176.697	/	862.8965
	=	20.48 %

Frontier Springs'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 )
	=	460.984	/	( ( (1401.15 - 294.539)	+	(0 - 0) )	/ 1 )
	=	460.984	/	( ( 1106.611	+	0 )	/ 1 )
	=	460.984	/	1106.611
	=	41.66 %

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

Frontier Springs (BOM:522195) 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.

Frontier Springs ROCE % Related Terms

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Frontier Springs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Frontier Springs Ltd (BOM:522195) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

E-14, Panki Industrial Area, Site-1, Kanpur, UP, IND, 208 022

Website

https://www.frontiersprings.co.in

Frontier Springs Ltd is engaged in the manufacturing of hot Coiled springs and forging items for transportation, industrial, and government applications. The product offering of the company includes L.B.Springs and Hot Coiled Compression Spring and forging items for Wagon, Locomotives, and Carriages, among others. The company supplies its products to railways, bogie manufacturers, Chittaranjan locomotive works, diesel locomotive works, integrated coach factories, and rail coach factories. In addition to the supply to the railways, the company is also supplying the springs to heavy engineering industries and original earth movers equipment manufacturers.

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