Vishal Bearings (BOM:539398) ROCE % : 2.54% (As of Mar. 2024)

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What is Vishal Bearings 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. Vishal Bearings's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.54%.

Vishal Bearings ROCE % Historical Data

The historical data trend for Vishal Bearings'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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Vishal Bearings ROCE % Chart

Vishal Bearings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.01

7.09

26.76

27.81

8.55

Vishal Bearings Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															17.69	16.85	8.88	5.98	2.54

Vishal Bearings ROCE % Calculation

Vishal Bearings'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 )
	=	50.394	/	( ( (932.536 - 341.645)	+	(1047.187 - 459.814) )	/ 2 )
	=	50.394	/	( (590.891	+	587.373)	/ 2 )
	=	50.394	/	589.132
	=	8.55 %

Vishal Bearings'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 )
	=	14.94	/	( ( (0 - 0)	+	(1047.187 - 459.814) )	/ 1 )
	=	14.94	/	( ( 0	+	587.373 )	/ 1 )
	=	14.94	/	587.373
	=	2.54 %

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

Vishal Bearings (BOM:539398) 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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Vishal Bearings (BOM:539398) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vishal Bearings Ltd (BOM:539398) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Shapar Village Road, Survey No. 22/1, Plot No.1, Shapar (Veraval), Rajkot, GJ, IND, 360024

Website

https://www.vishalbearings.com

Vishal Bearings Ltd engages in the business of manufacturing of bearing rollers, earning job work income and wind power generation. Its products include; Taper rollers, Cylindrical rollers, Spherical rollers and components of taper rollers. Its products are used by end-users in diverse industries, such as rail, light vehicles, off-highway, heavy trucks and auto-aftermarket industries classified as automobile industries and heavy industries, industrial processes, gear drives, energy and industrial distribution. The Company has sole business segment as Manufacturing of Bearing Rollers & Other Allied Activities.

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