Ranjeet Mechatronics (BOM:541945) ROCE % : 6.48% (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Ranjeet Mechatronics 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. Ranjeet Mechatronics's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.48%.

Ranjeet Mechatronics ROCE % Historical Data

The historical data trend for Ranjeet Mechatronics'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.

Ranjeet Mechatronics ROCE % Chart

Ranjeet Mechatronics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

15.29

8.83

12.38

13.79

7.29

Ranjeet Mechatronics Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial												10.24	14.41	13.12	8.52	6.48

Ranjeet Mechatronics ROCE % Calculation

Ranjeet Mechatronics'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 )
	=	14.986	/	( ( (328.029 - 139.597)	+	(328.14 - 105.171) )	/ 2 )
	=	14.986	/	( (188.432	+	222.969)	/ 2 )
	=	14.986	/	205.7005
	=	7.29 %

Ranjeet Mechatronics'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 )
	=	13.58	/	( ( (355.711 - 159.405)	+	(328.14 - 105.171) )	/ 2 )
	=	13.58	/	( ( 196.306	+	222.969 )	/ 2 )
	=	13.58	/	209.6375
	=	6.48 %

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

Ranjeet Mechatronics (BOM:541945) 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.

Ranjeet Mechatronics ROCE % Related Terms

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

Ranjeet Mechatronics (BOM:541945) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ranjeet Mechatronics Ltd (BOM:541945) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Anand Nagar Char Rasta, Prahlad Nagar Road, Block A, Office No. 407/408, 4th Floor, Dev Aurum, Ahmedabad, GJ, IND, 380 015

Website

https://www.ranjeet.co.in

Ranjeet Mechatronics Ltd is a company providing specialized firefighting solutions as a system integrator. It provides end-to-end solutions in the installation, designing, commission, testing, implementation, management and operational support for technology-based security and fire solutions. Products and services offered by the company include a fire sprinkler system, fire detection system, gas suppression system, fire extinguishers system, fire hydrant system, high-velocity water spray system, and a medium-velocity water spray system.

Ranjeet Mechatronics (BOM:541945) Headlines

No Headlines