Johnson Controls - Hitachi Air Conditioning India (BOM:523398) ROCE % : -1.37% (As of Dec. 2024)

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What is Johnson Controls - Hitachi Air Conditioning 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. Johnson Controls - Hitachi Air Conditioning India's annualized ROCE % for the quarter that ended in Dec. 2024 was -1.37%.

Johnson Controls - Hitachi Air Conditioning India ROCE % Historical Data

The historical data trend for Johnson Controls - Hitachi Air Conditioning 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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Johnson Controls - Hitachi Air Conditioning India ROCE % Chart

Johnson Controls - Hitachi Air Conditioning India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.88

6.91

3.67

-11.95

-11.28

Johnson Controls - Hitachi Air Conditioning 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															-17.68	38.90	29.35	-21.77	-1.37

Johnson Controls - Hitachi Air Conditioning India ROCE % Calculation

Johnson Controls - Hitachi Air Conditioning 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 )
	=	-823.6	/	( ( (17885.9 - 10177.5)	+	(16572.2 - 9682.5) )	/ 2 )
	=	-823.6	/	( (7708.4	+	6889.7)	/ 2 )
	=	-823.6	/	7299.05
	=	-11.28 %

Johnson Controls - Hitachi Air Conditioning 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 )
	=	-95.6	/	( ( (12854.5 - 5865.6)	+	(0 - 0) )	/ 1 )
	=	-95.6	/	( ( 6988.9	+	0 )	/ 1 )
	=	-95.6	/	6988.9
	=	-1.37 %

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

Johnson Controls - Hitachi Air Conditioning India (BOM:523398) 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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Johnson Controls - Hitachi Air Conditioning India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Johnson Controls - Hitachi Air Conditioning India Ltd (BOM:523398) » Definitions » ROCE %

Traded in Other Exchanges

JCHAC:India

Address

Hitachi Complex, Karan Nagar Kadi District, Mehsana, GJ, IND, 384 440

Website

https://www.hitachiaircon.in

Johnson Controls - Hitachi Air Conditioning India Ltd is a manufacturer and trader of home appliances. The company produces air conditioners, refrigerators, air purifiers, washing machines, chillers, telecom cooling units, variable refrigerant flow systems, and centrifugal chillers. The company has a network of showrooms and service centres across India, which include dealers and franchisees, in addition to a sales network. The company generates the majority of revenue domestically.

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