Hitachi Energy India (BOM:543187) ROCE % : 52.01% (As of Dec. 2024)

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What is Hitachi Energy India 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. Hitachi Energy India's annualized ROCE % for the quarter that ended in Dec. 2024 was 52.01%.

Hitachi Energy India ROCE % Historical Data

The historical data trend for Hitachi Energy India'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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Hitachi Energy India ROCE % Chart

Hitachi Energy India Annual Data

Trend

Dec19

Dec20

Dec21

Mar23

Mar24

ROCE %

17.36

29.59

13.94

20.02

Hitachi Energy India Quarterly Data
	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															14.90	46.14	7.33	23.08	52.01

Hitachi Energy India ROCE % Calculation

Hitachi Energy India'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 )
	=	2682.5	/	( ( (39185.1 - 26543.8)	+	(47073.7 - 32911.5) )	/ 2 )
	=	2682.5	/	( (12641.3	+	14162.2)	/ 2 )
	=	2682.5	/	13401.75
	=	20.02 %

Hitachi Energy India'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 )
	=	7841.2	/	( ( (49510.9 - 34435.6)	+	(0 - 0) )	/ 1 )
	=	7841.2	/	( ( 15075.3	+	0 )	/ 1 )
	=	7841.2	/	15075.3
	=	52.01 %

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

Hitachi Energy India (BOM:543187) 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.

Hitachi Energy India ROCE % Related Terms

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Hitachi Energy India Business Description

Industry

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Traded in Other Exchanges

POWERINDIA:India

Address

Kodigehalli Main Road, 8th Floor, Brigade Opus, 70/401, Bengaluru, KA, IND, 560092

Website

https://www.hitachienergy.com

Hitachi Energy India Ltd serves utility, industry, and infrastructure customers with solutions and services across the value chain. The company is engaged in the business relating to products, projects, and services for Power technology. It manufactures and supplies systems, equipment, devices, and accessories products such as disconnectors, cable accessories, electric motors, semiconductors, transformers, and others. The company also provides project and service engineering, installation, commissioning, and support services. Geographically, the company generates a majority of its revenue from India and the rest from other countries.

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