Rane Brake Linings (BOM:532987) ROCE % : 29.31% (As of Mar. 2024)

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What is Rane Brake Linings 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. Rane Brake Linings's annualized ROCE % for the quarter that ended in Mar. 2024 was 29.31%.

Rane Brake Linings ROCE % Historical Data

The historical data trend for Rane Brake Linings'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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Rane Brake Linings ROCE % Chart

Rane Brake Linings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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20.08

19.78

14.07

17.33

19.64

Rane Brake Linings 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															23.67	10.81	19.20	20.58	29.31

Rane Brake Linings ROCE % Calculation

Rane Brake Linings'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 )
	=	544.6	/	( ( (3741.5 - 1076.1)	+	(4007.2 - 1126.2) )	/ 2 )
	=	544.6	/	( (2665.4	+	2881)	/ 2 )
	=	544.6	/	2773.2
	=	19.64 %

Rane Brake Linings'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 )
	=	844.4	/	( ( (0 - 0)	+	(4007.2 - 1126.2) )	/ 1 )
	=	844.4	/	( ( 0	+	2881 )	/ 1 )
	=	844.4	/	2881
	=	29.31 %

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

Rane Brake Linings (BOM:532987) 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.

Rane Brake Linings ROCE % Related Terms

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Rane Brake Linings (BOM:532987) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rane Brake Linings Ltd (BOM:532987) » Definitions » ROCE %

Traded in Other Exchanges

RBL:India

Address

Malthri, No. 132, Cathedral Road, Rane Corporate Centre, Chennai, TN, IND, 600 086

Website

https://www.ranegroup.com

Rane Brake Linings Ltd manufactures and markets auto components. The company offers products such as brake linings, disc pads, clutch facings, clutch buttons, brake shoes and railway brake blocks for passenger cars, utility vehicles, commercial vehicles, two-wheelers, and railways. Geographically, it derives a majority of revenue from India and also has a presence in the Rest of the World. It is engaged in activities related to the manufacture and supply of auto components for the transportation industry.

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