VMS Industries (BOM:533427) ROCE % : 29.10% (As of Dec. 2023)

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What is VMS Industries 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. VMS Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 29.10%.

VMS Industries ROCE % Historical Data

The historical data trend for VMS Industries'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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VMS Industries ROCE % Chart

VMS Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.11

4.92

7.87

5.10

7.11

VMS Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															3.62	12.80	4.43	23.18	29.10

VMS Industries ROCE % Calculation

VMS Industries's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	43.315	/	( ( (1338.319 - 734.22)	+	(875.59 - 261.65) )	/ 2 )
	=	43.315	/	( (604.099	+	613.94)	/ 2 )
	=	43.315	/	609.0195
	=	7.11 %

VMS Industries's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	182.404	/	( ( (1124.836 - 498.087)	+	(0 - 0) )	/ 1 )
	=	182.404	/	( ( 626.749	+	0 )	/ 1 )
	=	182.404	/	626.749
	=	29.10 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

VMS Industries (BOM:533427) 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.

VMS Industries ROCE % Related Terms

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VMS Industries (BOM:533427) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » VMS Industries Ltd (BOM:533427) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corporate Road, Opposite Royal Orchid, 808-C, Pinnacle Business Park, Prahladnagar, Ahmedabad, GJ, IND, 380015

Website

http://www.vmsil.in

VMS Industries Ltd provides ship recycling and offshore services. The Company is engaged in the business of breaking old and used ships segment. On the basis of the dominant source, the nature of risks and returns and the internal organization, the company has identified two operating segments: Manufacturing and Trading. Manufacturing in respect of Ship-Breaking business activities and Trading In respect of trading in Ferrous and Non-Ferrous metals. The majority of income is from the Manufacturing segment.

VMS Industries (BOM:533427) Headlines

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