Tinna Rubber & Infrastructure (BOM:530475) ROCE % : 27.40% (As of Dec. 2024)

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What is Tinna Rubber & Infrastructure 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. Tinna Rubber & Infrastructure's annualized ROCE % for the quarter that ended in Dec. 2024 was 27.40%.

Tinna Rubber & Infrastructure ROCE % Historical Data

The historical data trend for Tinna Rubber & Infrastructure'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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Tinna Rubber & Infrastructure ROCE % Chart

Tinna Rubber & Infrastructure Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.68

9.75

29.39

29.43

38.20

Tinna Rubber & Infrastructure 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															41.84	46.69	52.58	36.04	27.40

Tinna Rubber & Infrastructure ROCE % Calculation

Tinna Rubber & Infrastructure'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 )
	=	591.459	/	( ( (1929.325 - 655.87)	+	(2677.175 - 854.315) )	/ 2 )
	=	591.459	/	( (1273.455	+	1822.86)	/ 2 )
	=	591.459	/	1548.1575
	=	38.20 %

Tinna Rubber & Infrastructure'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 )
	=	562.164	/	( ( (3358.192 - 1306.631)	+	(0 - 0) )	/ 1 )
	=	562.164	/	( ( 2051.561	+	0 )	/ 1 )
	=	562.164	/	2051.561
	=	27.40 %

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

Tinna Rubber & Infrastructure (BOM:530475) 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.

Tinna Rubber & Infrastructure ROCE % Related Terms

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Tinna Rubber & Infrastructure Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tinna Rubber & Infrastructure Ltd (BOM:530475) » Definitions » ROCE %

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Address

Mandi Road, Tinna House, No.6 Sultanpur, Mehrauli, New Delhi, IND, 110030

Website

https://www.tinna.in

Tinna Rubber & Infrastructure Ltd is engaged in recycling of the waste tyres/end of life tyres (ELT) and manufacture of value added products. The company manufactures crumb rubber, crumb rubber modifier (CRM), crumb rubber modified bitumen (CRMB), polymer modified bitumen (PMB), bitumen emulsion, reclaimed rubber/ ultrafine crumb rubber compound, cut wire shots, polymer composites etc. The products are used for making/ repair of road, tyres and auto part industry. Its manufacturing units are located at Panipat in Haryana, Wada & Varle in Maharashtra, Haldia in West Bengal, Gummidipundi in Tamil Nadu. It operates in single segment namely Crumb Rubber, Crumb Rubber Modifier, Modified Bitumen & Bitumen Emulsion and Allied Products.

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