Trident Tools (BOM:531972) ROCE %: -53.16% (As of Jun. 2019)


BOM:531972 Trident Tools Ltd BOM:531972
4 GF Score
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What is Trident Tools ROCE %?

Trident Tools BOM:531972 4 ROCE % is -53.16% as of Jun. 2019. GuruFocus rates BOM:531972 with a GF Score™ of 4/100.

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. Trident Tools's annualized ROCE % for the quarter that ended in Jun. 2019 was -53.16%.

Trident Tools  (BOM:531972) 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.

Trident Tools ROCE % Related Terms

Trident Tools ROCE % Historical Data

* Premium members only.

The historical data trend for Trident 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.

Trident Tools ROCE % Chart

Trident Tools Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -9.49 -14.79 -52.55 -28.16 -27.52

Trident Tools Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -24.23 -22.76 -23.03 -41.18 -53.16
BOM:531972
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Trident Tools Ltd BOM:531972
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Trident Tools ROCE % Calculation

Trident Tools's annualized ROCE % for the fiscal year that ended in Mar. 2019 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2019 )  (A: Mar. 2018 )(A: Mar. 2019 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2019 )  (A: Mar. 2018 )(A: Mar. 2019 )
=-31.288/( ( (567.896 - 433.59) + (530.22 - 437.114) )/ 2 )
=-31.288/( (134.306+93.106)/ 2 )
=-31.288/113.706
=-27.52 %

Trident Tools's ROCE % of for the quarter that ended in Jun. 2019 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2019 )  (Q: Mar. 2019 )(Q: Jun. 2019 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2019 )  (Q: Mar. 2019 )(Q: Jun. 2019 )
=-49.492/( ( (530.22 - 437.114) + (0 - 0) )/ 1 )
=-49.492/( ( 93.106 + 0 )/ 1 )
=-49.492/93.106
=-53.16 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2019) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -53.16% mean?
Trident Tools (BOM:531972) has a ROCE % of -53.16% as of Jun. 2019.
Is Trident Tools' ROCE % too high?
Trident Tools' current ROCE % is -53.16%. Overall, Trident Tools has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Trident Tools' ROCE % compare to TXHG?
Trident Tools' ROCE % of -53.16% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.08. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.08, based on 3,026 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median ROCE % is 7.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trident Tools's current ROCE % is -53.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trident Tools stock overvalued right now?
Trident Tools (BOM:531972) has a current ROCE % of -53.16%. The current ROCE % is -53.16%. Trident Tools' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Trident Tools (BOM:531972), the current ROCE % is -53.16% as of Jun. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Trident Tools Business Description

Address Survey No. 26, Tembhode Shirgaon Road, Gut No 17, Dhansar Village, Thane, Palghar, MH, IND, 401404
Trident Tools Ltd is engaged in the business of manufacturing saws and tools in India. It manufactures Hand Hacksaw Blades and Frames, Junior Hacksaw Blades and Frames, Power Hacksaw Blades and Bimetal Hole Saws.
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