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The Orissa Minerals Development Co (BOM:590086) ROCE % : 1,029.69% (As of Sep. 2024)


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What is The Orissa Minerals Development Co 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. The Orissa Minerals Development Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 1,029.69%.


The Orissa Minerals Development Co ROCE % Historical Data

The historical data trend for The Orissa Minerals Development Co'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.

* Premium members only.

The Orissa Minerals Development Co ROCE % Chart

The Orissa Minerals Development Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.47 -6.98 7.44 -4.05 3,263.13

The Orissa Minerals Development Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 2,188.51 453.51 1,029.69

The Orissa Minerals Development Co ROCE % Calculation

The Orissa Minerals Development Co'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 )
=252.599/( ( (3952.275 - 3966.037) + (3417.325 - 3388.081) )/ 2 )
=252.599/( (-13.762+29.244)/ 2 )
=252.599/7.741
=3,263.13 %

The Orissa Minerals Development Co'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: Jun. 2024 )(Q: Sep. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2024 )  (Q: Jun. 2024 )(Q: Sep. 2024 )
=266.752/( ( (0 - 0) + (3505.17 - 3479.264) )/ 1 )
=266.752/( ( 0 + 25.906 )/ 1 )
=266.752/25.906
=1,029.69 %

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

* 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.


The Orissa Minerals Development Co  (BOM:590086) 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.


The Orissa Minerals Development Co ROCE % Related Terms

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The Orissa Minerals Development Co Business Description

Traded in Other Exchanges
Address
C/O-SAIL Office, Plot 271, Bidyut Marg, Ground Floor, Unit - IV, Shastri Nagar, Bhubaneswar, OR, IND, 751 001
The Orissa Minerals Development Co Ltd is an iron ore mining company in India. It operating segment include Iron Ore; Manganese and Sponge Iron.

The Orissa Minerals Development Co Headlines

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