Vruddhi Engineering Works (BOM:544157) ROCE % : 21.47% (As of Sep. 2024)

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What is Vruddhi Engineering Works 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. Vruddhi Engineering Works's annualized ROCE % for the quarter that ended in Sep. 2024 was 21.47%.

Vruddhi Engineering Works ROCE % Historical Data

The historical data trend for Vruddhi Engineering Works'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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Vruddhi Engineering Works ROCE % Chart

Vruddhi Engineering Works Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

-37.45

47.57

71.97

Vruddhi Engineering Works Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
ROCE %	-	-	-	60.55	21.47

Vruddhi Engineering Works ROCE % Calculation

Vruddhi Engineering Works'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 )
	=	11.549	/	( ( (10.014 - 4.909)	+	(78.233 - 51.243) )	/ 2 )
	=	11.549	/	( (5.105	+	26.99)	/ 2 )
	=	11.549	/	16.0475
	=	71.97 %

Vruddhi Engineering Works'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: Sep. 2023 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Sep. 2023 )		(Q: Sep. 2024 )
	=	12.214	/	( ( (80.858 - 50.929)	+	(163.448 - 79.577) )	/ 2 )
	=	12.214	/	( ( 29.929	+	83.871 )	/ 2 )
	=	12.214	/	56.9
	=	21.47 %

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

Vruddhi Engineering Works (BOM:544157) 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.

Vruddhi Engineering Works ROCE % Related Terms

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Vruddhi Engineering Works Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vruddhi Engineering Works Ltd (BOM:544157) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

N. S. Phadke Road, 1317, Hubtown Solaris, Near Flyover Bridge, Andheri East, Mumbai, MH, IND, 400069

Website

https://www.vruddhicouplers.com

Vruddhi Engineering Works Ltd is engaged in offering mechanical splicing solutions to the real estate, construction and infrastructure industry by designing, engineering and supplying of rebar couplers. It offers (a) supply of rebar couplers as per customer needs; (b) on-site threading services of the couplers; and (c) trading in threading machines and spares. The company supply its products and offers its services to the real estate, construction and infrastructure industry.

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