DEE Development Engineers (BOM:544198) ROCE % : -3.41% (As of Dec. 2024)

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What is DEE Development Engineers 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. DEE Development Engineers's annualized ROCE % for the quarter that ended in Dec. 2024 was -3.41%.

DEE Development Engineers ROCE % Historical Data

The historical data trend for DEE Development Engineers'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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DEE Development Engineers ROCE % Chart

DEE Development Engineers Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

6.18

7.21

9.66

DEE Development Engineers Quarterly Data
	Mar21	Mar22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial				-	14.71	110.22	14.97	-3.41

DEE Development Engineers ROCE % Calculation

DEE Development Engineers'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 )
	=	483.07	/	( ( (8453.97 - 3611.59)	+	(9662.59 - 4500.34) )	/ 2 )
	=	483.07	/	( (4842.38	+	5162.25)	/ 2 )
	=	483.07	/	5002.315
	=	9.66 %

DEE Development Engineers'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 )
	=	-303.116	/	( ( (13890.709 - 5004.768)	+	(0 - 0) )	/ 1 )
	=	-303.116	/	( ( 8885.941	+	0 )	/ 1 )
	=	-303.116	/	8885.941
	=	-3.41 %

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

DEE Development Engineers (BOM:544198) 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.

DEE Development Engineers ROCE % Related Terms

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DEE Development Engineers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » DEE Development Engineers Ltd (BOM:544198) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DEEDEV:India

Address

Prithla-Tatarpur Road, Unit 1, Village Tatarpur, District Palwal, Faridabad, HR, IND, 121102

Website

https://www.deepiping.com

DEE Development Engineers Ltd is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals and other process industries through engineering, procurement and manufacturing. It also manufacture and supply piping products such as high-pressure piping systems, piping spools, high frequency induction pipe bends, etc. The Group has three reportable segments, as follows: The piping segment, The power segment and The Heavy fabrication segment. Key revenue is generated from the piping segment which is mainly engaged in manufacturing of pre-fabricated engineering products, pipe fittings, piping systems.

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