Benara Bearings and Pistons (BOM:541178) ROCE % : -7.20% (As of Mar. 2024)

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What is Benara Bearings and Pistons 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. Benara Bearings and Pistons's annualized ROCE % for the quarter that ended in Mar. 2024 was -7.20%.

Benara Bearings and Pistons ROCE % Historical Data

The historical data trend for Benara Bearings and Pistons'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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Benara Bearings and Pistons ROCE % Chart

Benara Bearings and Pistons Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.84

-17.96

-20.94

-22.08

-8.62

Benara Bearings and Pistons Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial												-40.08	-20.90	-24.22	-9.83	-7.20

Benara Bearings and Pistons ROCE % Calculation

Benara Bearings and Pistons'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 )
	=	-32.961	/	( ( (904.24 - 506.102)	+	(850.272 - 483.702) )	/ 2 )
	=	-32.961	/	( (398.138	+	366.57)	/ 2 )
	=	-32.961	/	382.354
	=	-8.62 %

Benara Bearings and Pistons'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-27.222	/	( ( (890.48 - 500.897)	+	(850.272 - 483.702) )	/ 2 )
	=	-27.222	/	( ( 389.583	+	366.57 )	/ 2 )
	=	-27.222	/	378.0765
	=	-7.20 %

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

Benara Bearings and Pistons (BOM:541178) 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.

Benara Bearings and Pistons ROCE % Related Terms

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Benara Bearings and Pistons (BOM:541178) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Benara Bearings and Pistons Ltd (BOM:541178) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-3 and A-4, Site B, UPSIDC Industrial Area, Sikandrabad, Agra, UP, IND, 282007

Website

https://www.benara-phb.com

Benara Bearings and Pistons Ltd is engaged in the manufacturing of bearings, bushes, pistons, piston pins, piston rings, cylinder liners sleeves, and engine valves. It is also engaged in the marketing of products like ball bearings, spark plugs, rocker arms, timing chains, connecting rods, valve guides, and valve seals and batteries. The majority of revenue is generated from the automobile segment.

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