Venus Pipes & Tubes (BOM:543528) ROCE % : 25.16% (As of Dec. 2024)

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What is Venus Pipes & Tubes 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. Venus Pipes & Tubes's annualized ROCE % for the quarter that ended in Dec. 2024 was 25.16%.

Venus Pipes & Tubes ROCE % Historical Data

The historical data trend for Venus Pipes & Tubes'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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Venus Pipes & Tubes ROCE % Chart

Venus Pipes & Tubes Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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30.61

74.92

47.41

27.54

34.14

Venus Pipes & Tubes Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial													37.92	35.43	39.79	30.18	25.16

Venus Pipes & Tubes ROCE % Calculation

Venus Pipes & Tubes'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 )
	=	1361.23	/	( ( (5074.4 - 1584.97)	+	(7575.85 - 3090.16) )	/ 2 )
	=	1361.23	/	( (3489.43	+	4485.69)	/ 2 )
	=	1361.23	/	3987.56
	=	34.14 %

Venus Pipes & Tubes'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 )
	=	1332.44	/	( ( (9445.33 - 4148.45)	+	(0 - 0) )	/ 1 )
	=	1332.44	/	( ( 5296.88	+	0 )	/ 1 )
	=	1332.44	/	5296.88
	=	25.16 %

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

Venus Pipes & Tubes (BOM:543528) 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.

Venus Pipes & Tubes ROCE % Related Terms

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Venus Pipes & Tubes Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Venus Pipes & Tubes Ltd (BOM:543528) » Definitions » ROCE %

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VENUSPIPES:India

Address

Sector 1/A, Plot no. 275, Tripada Complex, Near Mamlatdar Office, Gandhidham, GJ, IND, 370201

Website

https://www.venuspipes.com

Venus Pipes & Tubes Ltd is a manufacturer and exporter of stainless steel pipes and tubes. It manufactures stainless steel tube products in two broad categories namely seamless tubes/pipes and welded tubes/pipes under which five categories of products are manufactured namely, stainless steel high precision and heat exchanger tubes, stainless steel hydraulic and instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless steel lsaw pipes. The company distributes its products through direct supply, traders, stockists, and selected marketing representatives. Geographically, it derives a majority of its revenue from India and also engages in exporting its products to other countries.

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