HariOm Pipe Industries (BOM:543517) ROCE % : 18.18% (As of Dec. 2023)

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What is HariOm Pipe 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. HariOm Pipe Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.18%.

HariOm Pipe Industries ROCE % Historical Data

The historical data trend for HariOm Pipe 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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HariOm Pipe Industries ROCE % Chart

HariOm Pipe Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

21.94

25.22

30.62

40.74

22.46

HariOm Pipe Industries Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial									23.35	21.60	19.00	19.95	18.18

HariOm Pipe Industries ROCE % Calculation

HariOm Pipe Industries's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	724.61	/	( ( (2159.084 - 768.833)	+	(7091.845 - 2030.318) )	/ 2 )
	=	724.61	/	( (1390.251	+	5061.527)	/ 2 )
	=	724.61	/	3225.889
	=	22.46 %

HariOm Pipe Industries's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	998.468	/	( ( (8593.99 - 3101.264)	+	(0 - 0) )	/ 1 )
	=	998.468	/	( ( 5492.726	+	0 )	/ 1 )
	=	998.468	/	5492.726
	=	18.18 %

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

HariOm Pipe Industries (BOM:543517) 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.

HariOm Pipe Industries ROCE % Related Terms

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HariOm Pipe Industries (BOM:543517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » HariOm Pipe Industries Ltd (BOM:543517) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

HARIOMPIPE:India

Address

Samarpan Lane, Plot 3-4-174/12/2, 1st Floor, Besides Spencer’s, Pillar No. 125, Attapur, Hyderabad, TG, IND, 500 048

Website

https://www.hariompipes.com

HariOm Pipe Industries Ltd is a premium manufacturer of iron and steel products. The products are used in industries such as housing, infrastructure, agriculture, automotive solar, fabrication, and engineering.

HariOm Pipe Industries (BOM:543517) Headlines

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