Vibhor Steel Tubes (BOM:544124) ROCE % : 10.94% (As of Sep. 2024)

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What is Vibhor Steel 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. Vibhor Steel Tubes's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.94%.

Vibhor Steel Tubes ROCE % Historical Data

The historical data trend for Vibhor Steel 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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Vibhor Steel Tubes ROCE % Chart

Vibhor Steel Tubes Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

16.50

27.53

37.90

24.33

Vibhor Steel Tubes Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			-	-	34.56	21.66	10.94

Vibhor Steel Tubes ROCE % Calculation

Vibhor Steel 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 )
	=	376.192	/	( ( (2936.301 - 1844.486)	+	(3831.949 - 1831.593) )	/ 2 )
	=	376.192	/	( (1091.815	+	2000.356)	/ 2 )
	=	376.192	/	1546.0855
	=	24.33 %

Vibhor Steel Tubes'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 )
	=	231.13	/	( ( (3831.949 - 1831.593)	+	(3989.079 - 1764.479) )	/ 2 )
	=	231.13	/	( ( 2000.356	+	2224.6 )	/ 2 )
	=	231.13	/	2112.478
	=	10.94 %

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

Vibhor Steel Tubes (BOM:544124) 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.

Vibhor Steel Tubes ROCE % Related Terms

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Vibhor Steel Tubes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vibhor Steel Tubes Ltd (BOM:544124) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

VSTL:India

Address

Delhi Road, Plot No. 2, Industrial Development Colony, Hisar, HR, IND, 125005

Website

https://www.vstlindia.com

Vibhor Steel Tubes Ltd is a manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils. Steel pipes and tubes are used pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shockers, steel pipes for various structural purposes, steel pipes for various engineering purposes, and others.

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