Rane Engine Valve (BOM:532988) ROCE % : 11.29% (As of Dec. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Rane Engine Valve 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 Engine Valve's annualized ROCE % for the quarter that ended in Dec. 2024 was 11.29%.

Rane Engine Valve ROCE % Historical Data

The historical data trend for Rane Engine Valve'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.

Rane Engine Valve ROCE % Chart

Rane Engine Valve Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

-9.03

-0.94

-4.60

6.03

15.04

Rane Engine Valve Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															17.79	18.92	13.74	25.18	11.29

Rane Engine Valve ROCE % Calculation

Rane Engine Valve'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 )
	=	257.5	/	( ( (3521.3 - 1866.3)	+	(3538.3 - 1768.4) )	/ 2 )
	=	257.5	/	( (1655	+	1769.9)	/ 2 )
	=	257.5	/	1712.45
	=	15.04 %

Rane Engine Valve's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	209.2	/	( ( (3849 - 1996.6)	+	(0 - 0) )	/ 1 )
	=	209.2	/	( ( 1852.4	+	0 )	/ 1 )
	=	209.2	/	1852.4
	=	11.29 %

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

Rane Engine Valve (BOM:532988) 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 Engine Valve ROCE % Related Terms

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

Rane Engine Valve Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rane Engine Valve Ltd (BOM:532988) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RANEENGINE:India

Address

Jawaharlal Nehru Road, 2nd Floor, ESPEE IT PARK, Developed Plot No: 5 (NP), Ekkatuthangal, Guindy, Chennai, TN, IND, 600 032

Website

https://www.ranegroup.com

Rane Engine Valve Ltd is an India-based company, which is engaged in the manufacturing and marketing of auto components for the transportation industry. The company manufactures components for the internal combustion engine industry applicable for stationary and transportation engine applications. It offers engine valves, valve guides, and tappets for passenger cars, commercial vehicles, farm tractors, stationary engines, locomotive and marine engines, and two and three-wheelers.

Rane Engine Valve Headlines

No Headlines