Tube Investments of India (BOM:540762) ROCE % : 17.64% (As of Dec. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Tube Investments of India 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. Tube Investments of India's annualized ROCE % for the quarter that ended in Dec. 2024 was 17.64%.

Tube Investments of India ROCE % Historical Data

The historical data trend for Tube Investments of India'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.

* Premium members only.

Tube Investments of India ROCE % Chart

Tube Investments of India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

23.89

14.70

30.11

33.40

25.09

Tube Investments of India Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															22.37	19.35	23.14	17.67	17.64

Tube Investments of India ROCE % Calculation

Tube Investments of India'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 )
	=	17343.9	/	( ( (102877.1 - 47475.3)	+	(131794 - 48927.8) )	/ 2 )
	=	17343.9	/	( (55401.8	+	82866.2)	/ 2 )
	=	17343.9	/	69134
	=	25.09 %

Tube Investments of India's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	17660.8	/	( ( (149777.5 - 49657)	+	(0 - 0) )	/ 1 )
	=	17660.8	/	( ( 100120.5	+	0 )	/ 1 )
	=	17660.8	/	100120.5
	=	17.64 %

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

Tube Investments of India (BOM:540762) 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.

Tube Investments of India ROCE % Related Terms

Thank you for viewing the detailed overview of Tube Investments of India's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tube Investments of India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tube Investments of India Ltd (BOM:540762) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TIINDIA:India

Address

Thiru-Vi-Ka Industrial Estate, Chola Crest, 4th Floor, C54-55 & Super B-4, Guindy, Chennai, TN, IND, 600032

Website

https://www.tiindia.com

Tube Investments of India Ltd is a manufacturer of fabricated metal products. The company's operating segments are Mobility, Engineering, Metal Formed Products, and Gear and Gear products, Power systems, Electric vehicle, Industrial segments, and Medical. The Engineering segment consists of cold-rolled steel strips and precision steel tubes. Metal Formed Products segment comprises an automotive and industrial chain, fine-blanked products, stamped products, roll-formed car door frames, and cold rolled formed sections. The Mobility segment comprises bicycles of the standard and special variety and home fitness equipment.

Tube Investments of India Headlines

No Headlines