Atam Valves (BOM:543236) ROCE % : 48.19% (As of Mar. 2024)

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What is Atam Valves 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. Atam Valves's annualized ROCE % for the quarter that ended in Mar. 2024 was 48.19%.

Atam Valves ROCE % Historical Data

The historical data trend for Atam Valves'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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Atam Valves ROCE % Chart

Atam Valves Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.23

15.45

17.47

52.65

31.41

Atam Valves Quarterly Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Jun21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											65.62	20.49	33.10	25.99	48.19

Atam Valves ROCE % Calculation

Atam Valves'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 )
	=	91.727	/	( ( (383.347 - 119.504)	+	(497.712 - 177.401) )	/ 2 )
	=	91.727	/	( (263.843	+	320.311)	/ 2 )
	=	91.727	/	292.077
	=	31.41 %

Atam Valves'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 )
	=	154.368	/	( ( (0 - 0)	+	(497.712 - 177.401) )	/ 1 )
	=	154.368	/	( ( 0	+	320.311 )	/ 1 )
	=	154.368	/	320.311
	=	48.19 %

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

Atam Valves (BOM:543236) 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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Atam Valves (BOM:543236) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Atam Valves Ltd (BOM:543236) » Definitions » ROCE %

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ATAM:India

Address

1051, Industrial Area, Jalandhar, PB, IND, 144004

Website

https://www.atamvalves.in

Atam Valves Ltd is engaged in the business of manufacturing bronze, cast iron, cast steel, carbon steel, stainless steel, forged steel as well as gun metal industrial valves of various types and sizes ranging from 8 mm up to 350 mm. It manufactures boiler mountings and supplies various types of valves and fittings, steam traps, and strainers. The company's products range includes Air Valves; Ball Valves; Butterfly Valves; Check Valves; Cocks; Foot Valves; Gate Valves; Globe Valves; Injectors; Moisture Separators; Needle Valves; Non Return Valves; Parallel Slide Blow Off Valves; Plug Valves; Pressure Reducing Valves; Safety Valves; Sight Indicators; Steam Stop Valves; Steam Traps; Strainers; Water Level Gauges; and Wheel Valves.

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