Rishabh Instruments (BOM:543977) ROCE % : 7.20% (As of Dec. 2024)

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What is Rishabh Instruments 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. Rishabh Instruments's annualized ROCE % for the quarter that ended in Dec. 2024 was 7.20%.

Rishabh Instruments ROCE % Historical Data

The historical data trend for Rishabh Instruments'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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Rishabh Instruments ROCE % Chart

Rishabh Instruments Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

13.34

16.47

15.33

10.54

Rishabh Instruments Quarterly Data
	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial							2.70	7.56	3.64	4.23	7.20

Rishabh Instruments ROCE % Calculation

Rishabh Instruments'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 )
	=	550.36	/	( ( (6489.28 - 2005.73)	+	(7803.59 - 1842.51) )	/ 2 )
	=	550.36	/	( (4483.55	+	5961.08)	/ 2 )
	=	550.36	/	5222.315
	=	10.54 %

Rishabh Instruments'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 )
	=	490.36	/	( ( (8679.89 - 1872.14)	+	(0 - 0) )	/ 1 )
	=	490.36	/	( ( 6807.75	+	0 )	/ 1 )
	=	490.36	/	6807.75
	=	7.20 %

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

Rishabh Instruments (BOM:543977) 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.

Rishabh Instruments ROCE % Related Terms

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Rishabh Instruments Business Description

Industry

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Traded in Other Exchanges

RISHABH:India

Address

F-31, MIDC, Satpur, Nagpur, MH, IND, 422007

Website

https://www.rishabh.co.in

Rishabh Instruments Ltd is engaged in manufacturing, design and development of Test and Measuring Instruments and Industrial Control Products on fundamentals; in terms of people, infrastructure and financials. The company has five segments which are electrical automation devices, metering, control, and protection devices, portable test and measuring instruments, solar string inverters, and aluminium HPDC products. The majority of its revenue generated from metering, control, and protection devices.

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