Captain Technocast (BOM:540652) ROCE % : 33.82% (As of Sep. 2024)

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What is Captain Technocast 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. Captain Technocast's annualized ROCE % for the quarter that ended in Sep. 2024 was 33.82%.

Captain Technocast ROCE % Historical Data

The historical data trend for Captain Technocast'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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Captain Technocast ROCE % Chart

Captain Technocast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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19.86

19.79

21.31

22.80

24.83

Captain Technocast Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															23.32	23.31	22.12	27.17	33.82

Captain Technocast ROCE % Calculation

Captain Technocast'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 )
	=	58.929	/	( ( (443.819 - 225.073)	+	(438.788 - 182.934) )	/ 2 )
	=	58.929	/	( (218.746	+	255.854)	/ 2 )
	=	58.929	/	237.3
	=	24.83 %

Captain Technocast's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	95.728	/	( ( (438.788 - 182.934)	+	(513.926 - 203.676) )	/ 2 )
	=	95.728	/	( ( 255.854	+	310.25 )	/ 2 )
	=	95.728	/	283.052
	=	33.82 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Captain Technocast (BOM:540652) 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.

Captain Technocast ROCE % Related Terms

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Captain Technocast Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Captain Technocast Ltd (BOM:540652) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

National Highway Number 8-B, Plot Number 4, Survey Number 257, Shapar - Veraval, Rajkot, GJ, IND, 360024

Website

https://www.captaintechnocast.com

Captain Technocast Ltd is engaged in the business of manufacturing metal casting products for various industries. The company's products include Industrial Valves Casting, Industrial Pumps Casting, Fire Fighting Equipments Casting, Engineering & Automobile Casting, Structural and Hardware, Dairy Equipment Casting, Power Plant and Boiler parts Casting, Aerospace Casting and Defence Casting. It operates in one segment which is manufacturing and selling of lnvestment Casting. Geographically, it operates only in India.

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