Vamshi Rubber (BOM:530369) ROCE % : 14.75% (As of Mar. 2024)

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What is Vamshi Rubber 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. Vamshi Rubber's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.75%.

Vamshi Rubber ROCE % Historical Data

The historical data trend for Vamshi Rubber'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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Vamshi Rubber ROCE % Chart

Vamshi Rubber Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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13.68

-8.58

10.28

12.34

15.51

Vamshi Rubber 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															15.45	15.19	15.64	15.39	14.75

Vamshi Rubber ROCE % Calculation

Vamshi Rubber'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 )
	=	27.022	/	( ( (439.758 - 263.548)	+	(450.849 - 278.548) )	/ 2 )
	=	27.022	/	( (176.21	+	172.301)	/ 2 )
	=	27.022	/	174.2555
	=	15.51 %

Vamshi Rubber'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 )
	=	25.416	/	( ( (0 - 0)	+	(450.849 - 278.548) )	/ 1 )
	=	25.416	/	( ( 0	+	172.301 )	/ 1 )
	=	25.416	/	172.301
	=	14.75 %

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

Vamshi Rubber (BOM:530369) 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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Vamshi Rubber (BOM:530369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vamshi Rubber Ltd (BOM:530369) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vamshi House, Plot No. 41, Jayabheri Enclave, Gachibowli, Hyderabad, TG, IND, 500032

Website

http://www.vamshirubber.org

Vamshi Rubber Ltd is engaged in the business of manufacturing tyre retreading materials. Geographically, it operates only in India. Its product categories include PCTR; Vulcanising Solution; Bonding Gum; Extruded Rope Rubber, Cushion gum, Curing envelopes, CBTR, Cushion gum rope and Rubber Compound Sheet. It generates revenue from manufacturing Precured Tread Rubber.

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