Orient Bell (BOM:530365) ROCE % : 7.34% (As of Mar. 2024)

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What is Orient Bell 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. Orient Bell's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.34%.

Orient Bell ROCE % Historical Data

The historical data trend for Orient Bell'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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Orient Bell ROCE % Chart

Orient Bell Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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3.19

5.12

12.17

9.71

0.84

Orient Bell 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															10.53	-1.45	1.50	-4.56	7.34

Orient Bell ROCE % Calculation

Orient Bell'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 )
	=	30.8	/	( ( (4811.213 - 1363.056)	+	(5542.8 - 1674) )	/ 2 )
	=	30.8	/	( (3448.157	+	3868.8)	/ 2 )
	=	30.8	/	3658.4785
	=	0.84 %

Orient Bell'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 )
	=	284	/	( ( (0 - 0)	+	(5542.8 - 1674) )	/ 1 )
	=	284	/	( ( 0	+	3868.8 )	/ 1 )
	=	284	/	3868.8
	=	7.34 %

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

Orient Bell (BOM:530365) 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.

Orient Bell ROCE % Related Terms

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Orient Bell (BOM:530365) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Orient Bell Ltd (BOM:530365) » Definitions » ROCE %

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ORIENTBELL:India

Address

Iris House, 16, Business Centre, Nangal Raya, New Delhi, IND, 110 046

Website

https://www.orientbell.com

Orient Bell Ltd is engaged in manufacturing, trading, and selling of ceramic and floor tiles. The firm's products are floor tiles, school tiles, wall tiles, paver tiles, and others. It generates revenue from the sale of its finished goods. Geographically, the company generates a majority of its revenue within India.

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