Ram Ratna Wires (BOM:522281) ROCE % : 24.57% (As of Sep. 2024)

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What is Ram Ratna Wires 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. Ram Ratna Wires's annualized ROCE % for the quarter that ended in Sep. 2024 was 24.57%.

Ram Ratna Wires ROCE % Historical Data

The historical data trend for Ram Ratna Wires'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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Ram Ratna Wires ROCE % Chart

Ram Ratna Wires Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.14

15.24

26.59

22.35

22.52

Ram Ratna Wires Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															24.54	18.87	23.34	24.66	24.57

Ram Ratna Wires ROCE % Calculation

Ram Ratna Wires'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 )
	=	1123.659	/	( ( (8286.893 - 3834.821)	+	(9534.975 - 4007.665) )	/ 2 )
	=	1123.659	/	( (4452.072	+	5527.31)	/ 2 )
	=	1123.659	/	4989.691
	=	22.52 %

Ram Ratna Wires's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	1365.276	/	( ( (0 - 0)	+	(9946.624 - 4390.474) )	/ 1 )
	=	1365.276	/	( ( 0	+	5556.15 )	/ 1 )
	=	1365.276	/	5556.15
	=	24.57 %

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

Ram Ratna Wires (BOM:522281) 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.

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Ram Ratna Wires Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ram Ratna Wires Ltd (BOM:522281) » Definitions » ROCE %

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RAMRAT:India

Address

Bhailal Amin Marg, Gorwa, Ground Floor, Alembic Business Park (West), Vadodara, GJ, IND, 390003

Website

https://www.rrshramik.com

Ram Ratna Wires Ltd engages in the manufacture and sale of enameled copper winding wire and strips. Its products include enameled copper wire, enameled copper strips, enameled aluminum wires, submersible flat cable, corona resistant winding wires, and submersible winding wire. Its segments are Enamelled wires and strips; Copper tubes and pipes and Other. Geographically, it derives a majority of revenue from India.

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