Quality RO Industries (BOM:543460) ROCE % : 4.27% (As of Sep. 2024)

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What is Quality RO Industries 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. Quality RO Industries's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.27%.

Quality RO Industries ROCE % Historical Data

The historical data trend for Quality RO Industries'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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Quality RO Industries ROCE % Chart

Quality RO Industries Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

2.25

0.88

21.31

Quality RO Industries Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			11.08	-6.20	15.63	27.07	4.27

Quality RO Industries ROCE % Calculation

Quality RO Industries'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 )
	=	21.637	/	( ( (111.727 - 17.374)	+	(153.918 - 45.249) )	/ 2 )
	=	21.637	/	( (94.353	+	108.669)	/ 2 )
	=	21.637	/	101.511
	=	21.31 %

Quality RO Industries's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	5.06	/	( ( (153.918 - 45.249)	+	(163.987 - 35.538) )	/ 2 )
	=	5.06	/	( ( 108.669	+	128.449 )	/ 2 )
	=	5.06	/	118.559
	=	4.27 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Quality RO Industries (BOM:543460) 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.

Quality RO Industries ROCE % Related Terms

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Quality RO Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Quality RO Industries Ltd (BOM:543460) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 09, POR Industrial Park, NH 08 Behind Sahayog Hotel, Village Por, Vadodara, GJ, IND, 391243

Website

https://www.qualityro.in

Quality RO Industries Ltd is engaged in the Manufacturing and contract Manufacturing of Water softener equipment such as RO filter parts, cartridges and membranes, Die casting and associated contractual manufacturing, and trading of RO equipment spares and associated products. It is also engaged in Contractual Logistics Services to local infra and manufacturing companies and Real Estate - Residential and commercial property development. Its business segments are RO Products, Transportation, Realty Sector, and Others.

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