India Nippon Electricals (BOM:532240) ROCE % : 15.66% (As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is India Nippon Electricals 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. India Nippon Electricals's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.66%.

India Nippon Electricals ROCE % Historical Data

The historical data trend for India Nippon Electricals'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.

India Nippon Electricals ROCE % Chart

India Nippon Electricals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

17.46

11.32

12.38

10.78

12.06

India Nippon Electricals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															10.82	7.89	13.43	11.20	15.66

India Nippon Electricals ROCE % Calculation

India Nippon Electricals'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 )
	=	761.7	/	( ( (7177.5 - 1214.2)	+	(8370.3 - 1703.4) )	/ 2 )
	=	761.7	/	( (5963.3	+	6666.9)	/ 2 )
	=	761.7	/	6315.1
	=	12.06 %

India Nippon Electricals's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1044	/	( ( (0 - 0)	+	(8370.3 - 1703.4) )	/ 1 )
	=	1044	/	( ( 0	+	6666.9 )	/ 1 )
	=	1044	/	6666.9
	=	15.66 %

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

India Nippon Electricals (BOM:532240) 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.

India Nippon Electricals ROCE % Related Terms

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

India Nippon Electricals (BOM:532240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » India Nippon Electricals Ltd (BOM:532240) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

INDNIPPON:India

Address

No. 11 and 13, (Old No. 6 and 7) Patullos Road, Chennai, TN, IND, 600002

Website

https://www.indianippon.com

India Nippon Electricals Ltd is an India based company, engages in the business of manufacturing electronic ignition systems for two-wheelers, three-wheelers, and portable engines. The company offers AC generator products, such as flywheel magneto, stator, and rotor products, as well as CDI and TCI products, regulator and rectifier units, ignition coils, exhaust gas recirculation controllers, engine controller units, auto choke-generation purpose engines, dual output ignition products, non-contact and contact type throttle position sensors, and PM alternators. Geographically, it derives a majority of revenue from India.

India Nippon Electricals (BOM:532240) Headlines

No Headlines