Hindustan Tin Works (BOM:530315) ROCE % : 11.46% (As of Sep. 2024)

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What is Hindustan Tin Works 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. Hindustan Tin Works's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.46%.

Hindustan Tin Works ROCE % Historical Data

The historical data trend for Hindustan Tin Works'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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Hindustan Tin Works ROCE % Chart

Hindustan Tin Works Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.06

14.55

14.47

14.19

13.12

Hindustan Tin Works 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															17.94	15.56	6.12	7.27	11.46

Hindustan Tin Works ROCE % Calculation

Hindustan Tin Works'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 )
	=	300.169	/	( ( (2881.133 - 696.564)	+	(3161.303 - 769.008) )	/ 2 )
	=	300.169	/	( (2184.569	+	2392.295)	/ 2 )
	=	300.169	/	2288.432
	=	13.12 %

Hindustan Tin Works'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 )
	=	285.38	/	( ( (0 - 0)	+	(3291.003 - 800.538) )	/ 1 )
	=	285.38	/	( ( 0	+	2490.465 )	/ 1 )
	=	285.38	/	2490.465
	=	11.46 %

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

Hindustan Tin Works (BOM:530315) 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.

Hindustan Tin Works ROCE % Related Terms

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Hindustan Tin Works Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hindustan Tin Works Ltd (BOM:530315) » Definitions » ROCE %

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Address

426, DLF Tower - A, Jasola, New Delhi, IND, 110025

Website

https://www.hindustantin.biz

Hindustan Tin Works Ltd is an Indian-based company that operates in the packaging and containers divisions. The business activity of the group is operated through the Manufacturing and Trading segments. The Manufacturing segment involves the manufacture of metal containers, components, printed and lacquered sheets. The Trading segment includes the purchase and sale of tin plates and easy-open ends. Geographically all the activities function from India. The company generates maximum revenue from the Manufacturing segment.

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