Ratnaveer Precision Engineering (BOM:543978) ROCE % : 16.76% (As of Dec. 2024)

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What is Ratnaveer Precision Engineering 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. Ratnaveer Precision Engineering's annualized ROCE % for the quarter that ended in Dec. 2024 was 16.76%.

Ratnaveer Precision Engineering ROCE % Historical Data

The historical data trend for Ratnaveer Precision Engineering'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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Ratnaveer Precision Engineering ROCE % Chart

Ratnaveer Precision Engineering Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

27.59

22.68

25.50

34.23

22.38

Ratnaveer Precision Engineering Quarterly Data
	Mar20	Mar21	Mar22	Aug22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial								-	7.20	30.45	22.04	16.76

Ratnaveer Precision Engineering ROCE % Calculation

Ratnaveer Precision Engineering'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 )
	=	488.72	/	( ( (3890.48 - 2441.31)	+	(5160.88 - 2242.29) )	/ 2 )
	=	488.72	/	( (1449.17	+	2918.59)	/ 2 )
	=	488.72	/	2183.88
	=	22.38 %

Ratnaveer Precision Engineering'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 )
	=	678.52	/	( ( (6413.37 - 2364.35)	+	(0 - 0) )	/ 1 )
	=	678.52	/	( ( 4049.02	+	0 )	/ 1 )
	=	678.52	/	4049.02
	=	16.76 %

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

Ratnaveer Precision Engineering (BOM:543978) 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.

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Ratnaveer Precision Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ratnaveer Precision Engineering Ltd (BOM:543978) » Definitions » ROCE %

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RATNAVEER:India

Address

Dr. Vikram Sarabhai Road, 703/704, OCEAN, Vikram Sarabhai Campus, Near Center Square Mall, Vadodara, GJ, IND, 390023

Website

https://www.ratnaveer.com

Ratnaveer Precision Engineering Ltd is a stainless steel (SS) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. It manufactures finishing sheets, washers, and solar mounting hooks at Unit I and SS pipes & tubes at Unit II. Unit III and Unit IV are dedicated to the backward integration process where Unit III is the melting unit where the company melts steel scrap and turns it into steel ingots and Unit IV is the rolling unit where flat ingots are further processed to turn them into sheets which are the raw material for washers. Geographically, the company derives a majority of its revenue from its customers within India, and the rest from countries like Germany, Italy, Sweden, Austria, France, and others through exports.

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