Dhoot Industrial Finance (BOM:526971) ROCE % : 36.47% (As of Mar. 2024)

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What is Dhoot Industrial Finance 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. Dhoot Industrial Finance's annualized ROCE % for the quarter that ended in Mar. 2024 was 36.47%.

Dhoot Industrial Finance ROCE % Historical Data

The historical data trend for Dhoot Industrial Finance'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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Dhoot Industrial Finance ROCE % Chart

Dhoot Industrial Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-13.14

33.80

12.10

3.92

49.62

Dhoot Industrial Finance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.87	23.62	14.97	102.64	36.47

Dhoot Industrial Finance ROCE % Calculation

Dhoot Industrial Finance'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 )
	=	1803.138	/	( ( (3663.599 - 781.784)	+	(5079.501 - 693.494) )	/ 2 )
	=	1803.138	/	( (2881.815	+	4386.007)	/ 2 )
	=	1803.138	/	3633.911
	=	49.62 %

Dhoot Industrial Finance'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 )
	=	1599.788	/	( ( (0 - 0)	+	(5079.501 - 693.494) )	/ 1 )
	=	1599.788	/	( ( 0	+	4386.007 )	/ 1 )
	=	1599.788	/	4386.007
	=	36.47 %

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

Dhoot Industrial Finance (BOM:526971) 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.

Dhoot Industrial Finance ROCE % Related Terms

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Dhoot Industrial Finance (BOM:526971) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Dhoot Industrial Finance Ltd (BOM:526971) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1209, Raheja Centre, 214, Nariman Point, Mumbai, MH, IND, 400 021

Website

https://www.dhootfinance.com

Dhoot Industrial Finance Ltd is engaged in the trading activities of goods and share stocks and power generation. Its operating segment includes Trading, Power Generation, and Others. Trading segments include all trading activities of Chemicals, Electronics, and Paper. The company generates maximum revenue from the Trading segment. Some of its products include Copper Tubes, Zinc Rods, Copper Rods, Carbon Di Sulphide, Compressed Hydrogen Gas, Chloro Sulphonic Acid, Caustic Soda Lye, and others. Geographically the activities of the company are carried out through India.

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