Rasi Electrodes (BOM:531233) ROCE % : 4.32% (As of Dec. 2024)

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What is Rasi Electrodes 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. Rasi Electrodes's annualized ROCE % for the quarter that ended in Dec. 2024 was 4.32%.

Rasi Electrodes ROCE % Historical Data

The historical data trend for Rasi Electrodes'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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Rasi Electrodes ROCE % Chart

Rasi Electrodes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.11

9.44

11.88

15.95

13.37

Rasi Electrodes 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															13.28	13.88	14.25	15.02	4.32

Rasi Electrodes ROCE % Calculation

Rasi Electrodes'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 )
	=	42.743	/	( ( (346.09 - 42.362)	+	(373.042 - 37.146) )	/ 2 )
	=	42.743	/	( (303.728	+	335.896)	/ 2 )
	=	42.743	/	319.812
	=	13.37 %

Rasi Electrodes'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 )
	=	15.316	/	( ( (388.959 - 34.037)	+	(0 - 0) )	/ 1 )
	=	15.316	/	( ( 354.922	+	0 )	/ 1 )
	=	15.316	/	354.922
	=	4.32 %

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

Rasi Electrodes (BOM:531233) 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.

Rasi Electrodes ROCE % Related Terms

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Rasi Electrodes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rasi Electrodes Ltd (BOM:531233) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Number 21, Raja Annamalai Road, Flat A/14, Rams Apartment, 3rd Floor, Purasawalkam, Chennai, TN, IND, 600084

Website

http://rasielectrodes.com

Rasi Electrodes Ltd is an Indian company that manufactures welding consumables for the Heavy and Light Engineering industries. The Company supplies welding consumables under the brand name RASI to public-sector undertakings, private-sector engineering conglomerates, and other Original Equipment Manufacturers. The Company also deals in diverse welding products such as welding machines and accessories.

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