Bobshell Electrodes (BOM:526925) ROCE % : 191.38% (As of Mar. 2024)

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What is Bobshell Electrodes 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. Bobshell Electrodes's annualized ROCE % for the quarter that ended in Mar. 2024 was 191.38%.

Bobshell Electrodes ROCE % Historical Data

The historical data trend for Bobshell Electrodes'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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Bobshell Electrodes ROCE % Chart

Bobshell Electrodes Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-15.22

-5.52

6.68

-23.21

65.09

Bobshell Electrodes Quarterly Data
	Mar17	Mar18	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-24.71	94.63	-45.67	-21.51	191.38

Bobshell Electrodes ROCE % Calculation

Bobshell Electrodes'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 )
	=	21.137	/	( ( (37.512 - 14.298)	+	(45.756 - 4.027) )	/ 2 )
	=	21.137	/	( (23.214	+	41.729)	/ 2 )
	=	21.137	/	32.4715
	=	65.09 %

Bobshell Electrodes's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	79.86	/	( ( (0 - 0)	+	(45.756 - 4.027) )	/ 1 )
	=	79.86	/	( ( 0	+	41.729 )	/ 1 )
	=	79.86	/	41.729
	=	191.38 %

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

Bobshell Electrodes (BOM:526925) 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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Bobshell Electrodes (BOM:526925) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bobshell Electrodes Ltd (BOM:526925) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Near Lal Bunglow, C.G. Road, 802, 8th Floor, Swagat Building, Ellisbridge, Ahmedabad, GJ, IND, 380006

Website

https://www.bobshell.net

Bobshell Electrodes Ltd is engaged in the business of manufacturing and marketing Low Heat Input Maintenance Welding Electrodes. The manufacturing unit of the company is situated at Village: Rakanpur, District: Gandhinagar in the state of Gujarat- India. Its portfolio of the company includes - Filling/Cladding Metal, Joining, and Surfacing.

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