Hilton Metal Forging (BOM:532847) ROCE % : 10.40% (As of Mar. 2024)

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What is Hilton Metal Forging 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. Hilton Metal Forging's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.40%.

Hilton Metal Forging ROCE % Historical Data

The historical data trend for Hilton Metal Forging'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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Hilton Metal Forging ROCE % Chart

Hilton Metal Forging Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.99

-28.59

1.93

14.63

13.01

Hilton Metal Forging 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															16.80	12.51	14.03	14.47	10.40

Hilton Metal Forging ROCE % Calculation

Hilton Metal Forging'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 )
	=	143.489	/	( ( (1692.286 - 640.817)	+	(1845.661 - 692.137) )	/ 2 )
	=	143.489	/	( (1051.469	+	1153.524)	/ 2 )
	=	143.489	/	1102.4965
	=	13.01 %

Hilton Metal Forging'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 )
	=	120.012	/	( ( (0 - 0)	+	(1845.661 - 692.137) )	/ 1 )
	=	120.012	/	( ( 0	+	1153.524 )	/ 1 )
	=	120.012	/	1153.524
	=	10.40 %

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

Hilton Metal Forging (BOM:532847) 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.

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Hilton Metal Forging (BOM:532847) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hilton Metal Forging Ltd (BOM:532847) » Definitions » ROCE %

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HILTON:India

Address

Akurli Road, Near - Growel 101 Mall, 204, Tanishka Commercial Building, Kandivali - East, Mumbai, MH, IND, 400101

Website

https://www.hiltonmetal.com

Hilton Metal Forging Ltd is engaged in the business of manufacturing iron and steel forging. The company serves Oil and gas industry, Petrochemicals, and refineries industry. The company's products portfolio includes Flanges and forged fittings, Engineered parts, Stainless steel flanges, High-pressure flanges, Crankshaft, Body bonnets, Hydraulic fittings, Forged components, Christmas tree components, Topdeck cover, Stub ends, Threaded flanges, Blind flanges, Weld neck flanges, and socket welded flanges.

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