Bright Brothers (BOM:526731) ROCE % : 15.68% (As of Dec. 2024)

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What is Bright Brothers 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. Bright Brothers's annualized ROCE % for the quarter that ended in Dec. 2024 was 15.68%.

Bright Brothers ROCE % Historical Data

The historical data trend for Bright Brothers'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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Bright Brothers ROCE % Chart

Bright Brothers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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19.49

21.81

56.33

-3.49

1.96

Bright Brothers 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															2.67	6.40	18.57	22.00	15.68

Bright Brothers ROCE % Calculation

Bright Brothers'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 )
	=	18.793	/	( ( (1682.354 - 801.644)	+	(1991.862 - 956.667) )	/ 2 )
	=	18.793	/	( (880.71	+	1035.195)	/ 2 )
	=	18.793	/	957.9525
	=	1.96 %

Bright Brothers'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 )
	=	166.004	/	( ( (2189.681 - 1130.766)	+	(0 - 0) )	/ 1 )
	=	166.004	/	( ( 1058.915	+	0 )	/ 1 )
	=	166.004	/	1058.915
	=	15.68 %

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

Bright Brothers (BOM:526731) 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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Bright Brothers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Bright Brothers Ltd (BOM:526731) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

B-54, Road No. 33, Gyaneshwar Nagar, Wagle Industrial Estate, Thane West, Mumbai, MH, IND, 400 604

Website

https://www.brightbrothers.co.in

Bright Brothers Ltd is engaged in the manufacturing and distribution of consumer durable and plastic household containers used for various residential and commercial purposes. Its products and services include Crates, Bins and Containers; Hair Care Products; Tooth Brush Handles; Tool and Die making; Painting; Automotive Parts and Systems, and Pallets. The company derives its revenue from the Sale of Plastic Components, Hair Care and Beauty Products, and the Sale of Moulds. The company generates all of its revenue from India.

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