Ruby Cables (BOM:539836) ROCE %: -195.14% (As of Mar. 2017)

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What is Ruby Cables ROCE %?

Ruby Cables BOM:539836 ROCE % is -195.14% as of Mar. 2017.

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. Ruby Cables's annualized ROCE % for the quarter that ended in Mar. 2017 was -195.14%.

Ruby Cables  (BOM:539836) 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.

Ruby Cables ROCE % Related Terms

Ruby Cables ROCE % Historical Data

* Premium members only.

The historical data trend for Ruby Cables'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.

Ruby Cables ROCE % Chart

Ruby Cables Annual Data
Trend Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
ROCE %
Get a 7-Day Free Trial 21.44 31.40 11.19 -1.42 -134.98

Ruby Cables Semi-Annual Data
Mar11 Mar12 Mar13 Mar14 Mar15 Sep15 Mar16 Sep16 Mar17
ROCE % Get a 7-Day Free Trial Premium Member Only 0.00 15.13 -18.13 -14.59 -195.14

Ruby Cables ROCE % Calculation

Ruby Cables's annualized ROCE % for the fiscal year that ended in Mar. 2017 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2017 )  (A: Mar. 2016 )(A: Mar. 2017 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2017 )  (A: Mar. 2016 )(A: Mar. 2017 )
=-200.934/( ( (385.34 - 159.025) + (263.504 - 192.09) )/ 2 )
=-200.934/( (226.315+71.414)/ 2 )
=-200.934/148.8645
=-134.98 %

Ruby Cables's ROCE % of for the quarter that ended in Mar. 2017 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2017 )  (Q: Sep. 2016 )(Q: Mar. 2017 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2017 )  (Q: Sep. 2016 )(Q: Mar. 2017 )
=-363.406/( ( (387.775 - 86.723) + (263.504 - 192.09) )/ 2 )
=-363.406/( ( 301.052 + 71.414 )/ 2 )
=-363.406/186.233
=-195.14 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2017) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -195.14% mean?
Ruby Cables (BOM:539836) has a ROCE % of -195.14% as of Mar. 2017.
Is Ruby Cables' ROCE % too high?
Ruby Cables' current ROCE % is -195.14%.
How does Ruby Cables' ROCE % compare to TNLX and MFCO?
Ruby Cables' ROCE % of -195.14% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.14. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.14, based on 3,028 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median ROCE % is 7.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ruby Cables's current ROCE % is -195.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ruby Cables stock overvalued right now?
Ruby Cables (BOM:539836) has a current ROCE % of -195.14%. The current ROCE % is -195.14%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Ruby Cables (BOM:539836), the current ROCE % is -195.14% as of Mar. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ruby Cables Business Description

Address 15, G.I.D.C., Manjusar, Taluk Savli, Vadodara, GJ, IND, 391775
Ruby Cables Ltd is the manufacturer of all types of polyvinyl chloride/chemically cross-linked polyethylene Foam(PVC/XLPE) insulated low tension wires and cables. The company also manufactures all aluminium conductors(AAC), all aluminium alloy conductors(AAAC), aluminium conductor steel reinforced cable(ACSR) and aerial bunch cables. The company is based in India.