Indo Tech Transformers (BOM:532717) ROCE % : 50.58% (As of Mar. 2024)

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What is Indo Tech Transformers 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. Indo Tech Transformers's annualized ROCE % for the quarter that ended in Mar. 2024 was 50.58%.

Indo Tech Transformers ROCE % Historical Data

The historical data trend for Indo Tech Transformers'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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Indo Tech Transformers ROCE % Chart

Indo Tech Transformers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.22

4.95

9.78

17.79

30.74

Indo Tech Transformers 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															47.22	13.24	26.53	31.28	50.58

Indo Tech Transformers ROCE % Calculation

Indo Tech Transformers'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 )
	=	609.9	/	( ( (3006.596 - 1272.542)	+	(3820.9 - 1587) )	/ 2 )
	=	609.9	/	( (1734.054	+	2233.9)	/ 2 )
	=	609.9	/	1983.977
	=	30.74 %

Indo Tech Transformers'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 )
	=	1130	/	( ( (0 - 0)	+	(3820.9 - 1587) )	/ 1 )
	=	1130	/	( ( 0	+	2233.9 )	/ 1 )
	=	1130	/	2233.9
	=	50.58 %

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

Indo Tech Transformers (BOM:532717) 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.

Indo Tech Transformers ROCE % Related Terms

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Indo Tech Transformers (BOM:532717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Indo Tech Transformers Ltd (BOM:532717) » Definitions » ROCE %

Traded in Other Exchanges

INDOTECH:India

Address

Survey No.153-210, Near Rajakulam, KM-64, Illuppapattu Village, Kancheepuram, TN, IND, 631561

Website

https://www.indo-tech.com

Indo Tech Transformers Ltd is engaged in the business of manufacturing power and distribution transformers and various special application transformers, mobile sub-station transformers, and various special application transformers, mobile sub-station transformers and sub-stations. The Company has its manufacturing plant located at Kancheepuram in Tamil Nadu. The majority of the geographical revenue of the company is generated in India.

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