Raw Edge Industrial Solutions (BOM:541634) ROCE % : 14.28% (As of Mar. 2024)

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What is Raw Edge Industrial Solutions 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. Raw Edge Industrial Solutions's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.28%.

Raw Edge Industrial Solutions ROCE % Historical Data

The historical data trend for Raw Edge Industrial Solutions'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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Raw Edge Industrial Solutions ROCE % Chart

Raw Edge Industrial Solutions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.86

3.51

4.22

6.59

4.04

Raw Edge Industrial Solutions Quarterly Data
	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															4.25	-0.39	-0.32	2.70	14.28

Raw Edge Industrial Solutions ROCE % Calculation

Raw Edge Industrial Solutions'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 )
	=	14.752	/	( ( (550.202 - 184.271)	+	(539.798 - 176.204) )	/ 2 )
	=	14.752	/	( (365.931	+	363.594)	/ 2 )
	=	14.752	/	364.7625
	=	4.04 %

Raw Edge Industrial Solutions'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	51.904	/	( ( (0 - 0)	+	(539.798 - 176.204) )	/ 1 )
	=	51.904	/	( ( 0	+	363.594 )	/ 1 )
	=	51.904	/	363.594
	=	14.28 %

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

Raw Edge Industrial Solutions (BOM:541634) 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.

Raw Edge Industrial Solutions ROCE % Related Terms

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Raw Edge Industrial Solutions (BOM:541634) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Raw Edge Industrial Solutions Ltd (BOM:541634) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

02, Navkruti Apartment, Behind B.R. Designs, Near Lal Bunglow, Athwa Lines, Surat, GJ, IND, 395007

Website

https://www.rawedge.in

Raw Edge Industrial Solutions Ltd is a manufacturer and supplier of minerals. Its product offerings include a quality range of Calcined Lime, Dolomitic Lime, Hydrated Lime, AAC Lime, Calcined Magnesite, Clinker, Quartz, Gypsum, and Imported Coal.

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