Dhanashree Electronics (BOM:542679) ROCE % : 15.56% (As of Dec. 2024)

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What is Dhanashree Electronics 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. Dhanashree Electronics's annualized ROCE % for the quarter that ended in Dec. 2024 was 15.56%.

Dhanashree Electronics ROCE % Historical Data

The historical data trend for Dhanashree Electronics'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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Dhanashree Electronics ROCE % Chart

Dhanashree Electronics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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14.77

10.33

11.11

13.08

14.98

Dhanashree Electronics Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															14.15	25.41	4.87	11.67	15.56

Dhanashree Electronics ROCE % Calculation

Dhanashree Electronics'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 )
	=	114.361	/	( ( (975.338 - 280.92)	+	(1236.256 - 404.093) )	/ 2 )
	=	114.361	/	( (694.418	+	832.163)	/ 2 )
	=	114.361	/	763.2905
	=	14.98 %

Dhanashree Electronics's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	129.92	/	( ( (1255.175 - 420.239)	+	(0 - 0) )	/ 1 )
	=	129.92	/	( ( 834.936	+	0 )	/ 1 )
	=	129.92	/	834.936
	=	15.56 %

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

Dhanashree Electronics (BOM:542679) 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.

Dhanashree Electronics ROCE % Related Terms

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Dhanashree Electronics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dhanashree Electronics Ltd (BOM:542679) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Plot No. XI-16, Sector-V, Block EP and GP, Rashmi Building, Salt Lake Electronic Complex, Salt Lake City, Kolkata, WB, IND, 700091

Website

https://www.rashmilighting.com

Dhanashree Electronics Ltd is an India-based company engaged in the manufacturing and trading of electrical goods. It is engaged in lighting manufacturing, electrical goods marketing, installation services, professional audio, recording studio, and others. The company's product portfolio includes home lighting solutions, retail, and office solutions, outdoor and industrial solutions, LED garden lights and solar light solutions, Three-blade fan bulbs, Mosquito LED bulbs, and others.

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