Gala Precision Engineering (BOM:544244) ROCE % : 17.84% (As of Sep. 2024)

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What is Gala 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. Gala Precision Engineering's annualized ROCE % for the quarter that ended in Sep. 2024 was 17.84%.

Gala Precision Engineering ROCE % Historical Data

The historical data trend for Gala 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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Gala Precision Engineering ROCE % Chart

Gala Precision Engineering Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

8.61

18.07

32.01

26.48

Gala Precision Engineering Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			-	-	26.13	27.34	17.84

Gala Precision Engineering ROCE % Calculation

Gala 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 )
	=	311.05	/	( ( (1703.86 - 564.5)	+	(1886.85 - 677.03) )	/ 2 )
	=	311.05	/	( (1139.36	+	1209.82)	/ 2 )
	=	311.05	/	1174.59
	=	26.48 %

Gala Precision Engineering'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 )
	=	338.58	/	( ( (1886.85 - 677.03)	+	(2945.86 - 360.33) )	/ 2 )
	=	338.58	/	( ( 1209.82	+	2585.53 )	/ 2 )
	=	338.58	/	1897.675
	=	17.84 %

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

Gala Precision Engineering (BOM:544244) 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.

Gala Precision Engineering ROCE % Related Terms

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Gala Precision Engineering Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

GALAPREC:India

Address

Ghodbunder Road Majiwade, A-801, 8th Floor, Thane One DIL Complex, Thane West, Thane, MH, IND, 400610

Website

https://www.galagroup.com

Gala Precision Engineering Ltd is a precision component manufacturer of technical springs like disc & strip springs (DSS) including wedge lock washers; coil & spiral springs (CSS) and special fastening solutions (SFS) supplying to original equipment manufacturers (OEMs), Tier 1 and channel partners; used in sectors like renewable energy including wind turbine and hydropower plants, various industrial sectors such as electrical, off-highway equipments, infrastructure and general engineering, mobility segments such as automotive and railways.

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