Relicab Cable Manufacturing (BOM:539760) ROCE % : 17.58% (As of Sep. 2023)

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What is Relicab Cable Manufacturing 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. Relicab Cable Manufacturing's annualized ROCE % for the quarter that ended in Sep. 2023 was 17.58%.

Relicab Cable Manufacturing ROCE % Historical Data

The historical data trend for Relicab Cable Manufacturing'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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Relicab Cable Manufacturing ROCE % Chart

Relicab Cable Manufacturing Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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24.76

-7.38

2.38

10.95

18.52

Relicab Cable Manufacturing Semi-Annual Data
	Mar13	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															14.59	7.45	13.62	23.05	17.58

Relicab Cable Manufacturing ROCE % Calculation

Relicab Cable Manufacturing'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 )
	=	32.199	/	( ( (324.411 - 155.289)	+	(351.899 - 173.354) )	/ 2 )
	=	32.199	/	( (169.122	+	178.545)	/ 2 )
	=	32.199	/	173.8335
	=	18.52 %

Relicab Cable Manufacturing's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	34.95	/	( ( (351.899 - 173.354)	+	(361.316 - 142.317) )	/ 2 )
	=	34.95	/	( ( 178.545	+	218.999 )	/ 2 )
	=	34.95	/	198.772
	=	17.58 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Relicab Cable Manufacturing (BOM:539760) 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.

Relicab Cable Manufacturing ROCE % Related Terms

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Relicab Cable Manufacturing (BOM:539760) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Relicab Cable Manufacturing Ltd (BOM:539760) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

57/1,(4-B) Benslore Industrial Estate, Village Dunetha, Nani Daman, Daman, Daman, IND, 396210

Website

https://www.relicab.com

Relicab Cable Manufacturing Ltd is engaged in the manufacturing and exporting of wires and cables for varied industrial applications. The company offers wires and cables including armored or unarmored and single-core as well as multi-core flexible cables and power cables. Its product offering includes PVC Cables, Telephone Cables, Single Core Cables, Multicore Flexible Cables, Elevator Flat Cable, Copper Conductors, and other related products.

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