Rungta Irrigation (BOM:530449) ROCE % : 12.39% (As of Dec. 2024)

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What is Rungta Irrigation 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. Rungta Irrigation's annualized ROCE % for the quarter that ended in Dec. 2024 was 12.39%.

Rungta Irrigation ROCE % Historical Data

The historical data trend for Rungta Irrigation'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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Rungta Irrigation ROCE % Chart

Rungta Irrigation Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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3.61

3.52

4.16

7.82

10.22

Rungta Irrigation Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															10.94	7.24	8.75	17.17	12.39

Rungta Irrigation ROCE % Calculation

Rungta Irrigation'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 )
	=	85.166	/	( ( (1036.049 - 258.25)	+	(1157.834 - 268.71) )	/ 2 )
	=	85.166	/	( (777.799	+	889.124)	/ 2 )
	=	85.166	/	833.4615
	=	10.22 %

Rungta Irrigation's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	114.64	/	( ( (1372.238 - 446.625)	+	(0 - 0) )	/ 1 )
	=	114.64	/	( ( 925.613	+	0 )	/ 1 )
	=	114.64	/	925.613
	=	12.39 %

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

Rungta Irrigation (BOM:530449) 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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Rungta Irrigation Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Rungta Irrigation Ltd (BOM:530449) » Definitions » ROCE %

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Address

Rajendra Place, 101, Pragati Tower 26, New Delhi, IND, 110008

Website

https://www.rungtairrigation.in

Rungta Irrigation Ltd is majorly engaged in the activity of manufacturing, designing, assembling, and marketing Sprinkler Irrigation systems. The company has two production units at Ghaziabad and Yanam. Its product portfolio includes the HDPE sprinkler irrigation system, Rungta drip irrigation system, HDPE piping systems, Elastomeric u PVC pipes, Blue casing pipes for bore wells, Electrical conduits pipes, Rigid PVC pipes, and Mini sprinkler irrigation systems.

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