LGB Forge (BOM:533007) ROCE % : 1.94% (As of Dec. 2024)

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What is LGB Forge 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. LGB Forge's annualized ROCE % for the quarter that ended in Dec. 2024 was 1.94%.

LGB Forge ROCE % Historical Data

The historical data trend for LGB Forge'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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LGB Forge ROCE % Chart

LGB Forge Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.13

13.98

14.18

-17.82

-7.19

LGB Forge 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															-0.32	-21.32	13.48	-4.00	1.94

LGB Forge ROCE % Calculation

LGB Forge'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 )
	=	-24.57	/	( ( (851.92 - 511.178)	+	(789.697 - 447.333) )	/ 2 )
	=	-24.57	/	( (340.742	+	342.364)	/ 2 )
	=	-24.57	/	341.553
	=	-7.19 %

LGB Forge'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 )
	=	6.348	/	( ( (588.262 - 261.842)	+	(0 - 0) )	/ 1 )
	=	6.348	/	( ( 326.42	+	0 )	/ 1 )
	=	6.348	/	326.42
	=	1.94 %

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

LGB Forge (BOM:533007) 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.

LGB Forge ROCE % Related Terms

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LGB Forge Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LGB Forge Ltd (BOM:533007) » Definitions » ROCE %

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Address

6/16/13, Krishnarayapuram Road, Ganapathy, Coimbatore, TN, IND, 641 006

Website

https://www.lgbforge.com

LGB Forge Ltd is engaged in the manufacturing of cold and hot forged components, and machined components. It is engaged in manufacturing auto, electrical and transmission forged components for automobiles, and non-automotive segments, such as the valve industry and infrastructure equipment industry. The firm's product categories include hot forging, hot and warm forging, and cold forging. The hot forging products include valve bonnets, rocker arms, and bucket tooths. The hot and warm forging products include bell, body starter clutch, tulip, and claw. The cold forging products include ball pins, ball rods, boss rotors, fuel pump components, and others. Geographically, the company derives its key revenue from India.

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