Diffusion Engineers (BOM:544264) ROCE % : 24.59% (As of Mar. 2024)

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What is Diffusion 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. Diffusion Engineers's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.59%.

Diffusion Engineers ROCE % Historical Data

The historical data trend for Diffusion 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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Diffusion Engineers ROCE % Chart

Diffusion Engineers Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

16.01

18.90

22.11

24.59

Diffusion Engineers Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	16.01	18.90	22.11	24.59

Diffusion Engineers ROCE % Calculation

Diffusion Engineers'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 )
	=	424.96	/	( ( (2303.44 - 819.15)	+	(2755.85 - 783.24) )	/ 2 )
	=	424.96	/	( (1484.29	+	1972.61)	/ 2 )
	=	424.96	/	1728.45
	=	24.59 %

Diffusion Engineers's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	424.96	/	( ( (2303.44 - 819.15)	+	(2755.85 - 783.24) )	/ 2 )
	=	424.96	/	( ( 1484.29	+	1972.61 )	/ 2 )
	=	424.96	/	1728.45
	=	24.59 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2024) EBIT data.

Diffusion Engineers (BOM:544264) 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.

Diffusion Engineers ROCE % Related Terms

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Diffusion Engineers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Diffusion Engineers Ltd (BOM:544264) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DIFFNKG:India

Address

Nagpur Industrial Area, T-5 & 6, MIDC, Hingna, Nagpur, MH, IND, 440016

Website

https://www.diffusionengineers.com

Diffusion Engineers Ltd is engaged in the business of manufacturing welding consumables, wear plates and wear parts and heavy engineering machinery for core industries. Additionally, it is also involved in the trading of anti-wear powders and welding and cutting machinery. The company provides a super conditioning process at its manufacturing facilities, a surface treatment solution for machine components that enhances wear resistance, eliminates stress and improves their repairability ultimately extending their lifespan.

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