Dolfin Rubbers (BOM:542013) ROCE % : 21.69% (As of Mar. 2024)

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What is Dolfin Rubbers 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. Dolfin Rubbers's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.69%.

Dolfin Rubbers ROCE % Historical Data

The historical data trend for Dolfin Rubbers'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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Dolfin Rubbers ROCE % Chart

Dolfin Rubbers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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17.89

17.12

15.91

15.56

19.09

Dolfin Rubbers Quarterly Data
	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															16.97	16.09	23.41	15.69	21.69

Dolfin Rubbers ROCE % Calculation

Dolfin Rubbers'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 )
	=	76.804	/	( ( (578.767 - 199.271)	+	(628.281 - 203.01) )	/ 2 )
	=	76.804	/	( (379.496	+	425.271)	/ 2 )
	=	76.804	/	402.3835
	=	19.09 %

Dolfin Rubbers'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 )
	=	92.236	/	( ( (0 - 0)	+	(628.281 - 203.01) )	/ 1 )
	=	92.236	/	( ( 0	+	425.271 )	/ 1 )
	=	92.236	/	425.271
	=	21.69 %

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

Dolfin Rubbers (BOM:542013) 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.

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Dolfin Rubbers (BOM:542013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Dolfin Rubbers Ltd (BOM:542013) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

26-A, Bhai Randhir Singh Nagar, Opposite Ramesh Eye Hospital, Ludhiana, PB, IND, 141012

Website

https://www.dolfintyres.com

Dolfin Rubbers Ltd The Company is mainly engaged in Manufacturing Rubber Tyres and Tubes, so the Management considers this the only business segment of the Company. The company's main business is in India. Based on its vehicle types, the tire market can be segmented into passenger cars, light commercial vehicles, medium and heavy commercial vehicles, two-wheelers and three-wheelers, and off-road, among others.

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