Eastern Treads (BOM:531346) ROCE % : 0.00% (As of Sep. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Eastern Treads 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. Eastern Treads's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Eastern Treads ROCE % Historical Data

The historical data trend for Eastern Treads'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.

* Premium members only.

Eastern Treads ROCE % Chart

Eastern Treads Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

6.39

14.37

-38.84

-35.31

-9.80

Eastern Treads Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-9.02	34.80	-324.10	-1,068.56	-

Eastern Treads ROCE % Calculation

Eastern Treads'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 )
	=	-3.251	/	( ( (375.707 - 312.394)	+	(353.716 - 350.691) )	/ 2 )
	=	-3.251	/	( (63.313	+	3.025)	/ 2 )
	=	-3.251	/	33.169
	=	-9.80 %

Eastern Treads's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-33.096	/	( ( (0 - 0)	+	(336.104 - 361.44) )	/ 1 )
	=	-33.096	/	( ( 0	+	-25.336 )	/ 1 )
	=	-33.096	/	-25.336
	=	0 %

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

Eastern Treads (BOM:531346) 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.

Eastern Treads ROCE % Related Terms

Thank you for viewing the detailed overview of Eastern Treads's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Eastern Treads Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Eastern Treads Ltd (BOM:531346) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

NH Bypass, 3A, Eastern Corporate Office, 34/137 E, 3rd Floor, Edappally, Ernakulam, Kochi, KL, IND, 682024

Website

https://www.easterntreads.com

Eastern Treads Ltd is engaged in the business of manufacturing and dealing with tread rubber, rubber-based adhesives, tyre retreading accessories, and retreading services. Its product portfolio includes Precured Tread Rubber, Bonding Gum, Repair Patches, Hot Rubber Slab and Camel Back Treads, and Black Vulcanising Cement. Geographically, it operates in India.

Eastern Treads Headlines

No Headlines