Rolex Rings (BOM:543325) ROCE % : 30.11% (As of Sep. 2023)

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What is Rolex Rings 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. Rolex Rings's annualized ROCE % for the quarter that ended in Sep. 2023 was 30.11%.

Rolex Rings ROCE % Historical Data

The historical data trend for Rolex Rings'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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Rolex Rings ROCE % Chart

Rolex Rings Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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24.15

21.80

38.42

34.77

24.02

Rolex Rings Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial										34.06	37.29	28.44	30.11	-

Rolex Rings ROCE % Calculation

Rolex Rings'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 )
	=	2124.02	/	( ( (10132.53 - 2046.16)	+	(11209.05 - 1613.03) )	/ 2 )
	=	2124.02	/	( (8086.37	+	9596.02)	/ 2 )
	=	2124.02	/	8841.195
	=	24.02 %

Rolex Rings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	2579.68	/	( ( (10132.53 - 2046.16)	+	(10585.91 - 1538.83) )	/ 2 )
	=	2579.68	/	( ( 8086.37	+	9047.08 )	/ 2 )
	=	2579.68	/	8566.725
	=	30.11 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Rolex Rings (BOM:543325) 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.

Rolex Rings ROCE % Related Terms

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Rolex Rings (BOM:543325) Business Description

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ROLEXRINGS:India

Address

Gondal Road, Opposite Hotel Krishna Park, Near Kotharia Railway Crossing, Kotharia, Rajkot, GJ, IND, 360 004

Website

https://www.rolexrings.com

Rolex Rings Ltd is a manufacturer and supplier of hot rolled forged and machined bearing rings, and automotive components for segments of vehicles, industrial machinery, wind turbines and railways, amongst other segments.

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