Hittco Tools (BOM:531661) ROCE % : 4.89% (As of Dec. 2023)

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What is Hittco Tools 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. Hittco Tools's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.89%.

Hittco Tools ROCE % Historical Data

The historical data trend for Hittco Tools'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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Hittco Tools ROCE % Chart

Hittco Tools Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.02

-7.15

2.52

14.59

11.70

Hittco Tools Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															15.30	6.59	3.42	7.85	4.89

Hittco Tools ROCE % Calculation

Hittco Tools's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	8.097	/	( ( (85.547 - 16.565)	+	(84.38 - 14.901) )	/ 2 )
	=	8.097	/	( (68.982	+	69.479)	/ 2 )
	=	8.097	/	69.2305
	=	11.70 %

Hittco Tools's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	3.368	/	( ( (80.834 - 11.236)	+	(78.387 - 10.258) )	/ 2 )
	=	3.368	/	( ( 69.598	+	68.129 )	/ 2 )
	=	3.368	/	68.8635
	=	4.89 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Hittco Tools (BOM:531661) 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.

Hittco Tools ROCE % Related Terms

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Hittco Tools (BOM:531661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hittco Tools Ltd (BOM:531661) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No 19, Ali Asker Road, HTC Aspire, 2nd Floor, Bangalore, KA, IND, 560052

Website

https://www.hittco.com

Hittco Tools Ltd is engaged in the manufacturing and selling of cutting tools. The products include HSS drills and taps, solid carbide tools, and CNC tool holders. Hittco precision drills and taps are available in various grades of High-Speed Steel like M-2 / M-35 / M-42. Along with India, the company is selling its products to Africa, the Middle East, and the Far East. It is engaged in one segment of the manufacture and sale of Machine tools.

Hittco Tools (BOM:531661) Headlines

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