Orient Electric (BOM:541301) ROCE % : 11.06% (As of Sep. 2024)

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What is Orient Electric 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. Orient Electric's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.06%.

Orient Electric ROCE % Historical Data

The historical data trend for Orient Electric'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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Orient Electric ROCE % Chart

Orient Electric Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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35.64

38.07

32.86

18.61

16.30

Orient Electric Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															15.60	20.87	8.77	13.63	11.06

Orient Electric ROCE % Calculation

Orient Electric'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 )
	=	1153	/	( ( (12646.3 - 5835.6)	+	(14509.9 - 7177.3) )	/ 2 )
	=	1153	/	( (6810.7	+	7332.6)	/ 2 )
	=	1153	/	7071.65
	=	16.30 %

Orient Electric'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	809.2	/	( ( (0 - 0)	+	(14034.7 - 6719) )	/ 1 )
	=	809.2	/	( ( 0	+	7315.7 )	/ 1 )
	=	809.2	/	7315.7
	=	11.06 %

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

Orient Electric (BOM:541301) 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.

Orient Electric ROCE % Related Terms

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Orient Electric Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Orient Electric Ltd (BOM:541301) » Definitions » ROCE %

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ORIENTELEC:India

Address

240, Okhla Industrial Estate, Phase - III, New Delhi, IND, 110020

Website

https://www.orientelectric.com

Orient Electric Ltd is a consumer electrical manufacturer. The company's operating segment includes Electrical Consumer Durables and Lighting and Switchgear. It generates maximum revenue from the Electrical Consumer Durables segment which consists of the manufacture/purchase and sale of Electric Fans; ceiling, portable, and airflow, along with components and accessories, and Appliances; coolers, geysers, home appliances, and others. Geographically, the company generates a majority of its revenue within India and the rest from other regions.

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