ABB India (NSE:ABB) ROCE % : 37.70% (As of Sep. 2024)

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What is ABB India 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. ABB India's annualized ROCE % for the quarter that ended in Sep. 2024 was 37.70%.

ABB India ROCE % Historical Data

The historical data trend for ABB India'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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ABB India ROCE % Chart

ABB India Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.92

8.70

18.99

30.41

30.51

ABB India 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															36.00	30.83	41.48	37.57	37.70

ABB India ROCE % Calculation

ABB India's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	16711.6	/	( ( (93182.3 - 43503.4)	+	(110011.9 - 50141.6) )	/ 2 )
	=	16711.6	/	( (49678.9	+	59870.3)	/ 2 )
	=	16711.6	/	54774.6
	=	30.51 %

ABB India'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 )
	=	24011.2	/	( ( (117034.4 - 53342.6)	+	(0 - 0) )	/ 1 )
	=	24011.2	/	( ( 63691.8	+	0 )	/ 1 )
	=	24011.2	/	63691.8
	=	37.70 %

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

ABB India (NSE:ABB) 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.

ABB India ROCE % Related Terms

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ABB India Business Description

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500002:India

Address

Peenya Industrial Area IV, Disha - 3rd Floor, Plot No. 5 & 6, 2nd Stage, Peenya, Bengaluru, KA, IND, 560 058

Website

http://www.abb.co.in

ABB India Ltd enables a more sustainable and resource-efficient future with our technology leadership in electrification and automation. It energizes the transformation of society and industry to achieve a more productive, and sustainable by connecting software to its electrification, robotics, automation, and motion portfolio. The company's revenue is split between its four operating segments: Robotics and Discrete Automation, Electrification, Motion, and Process Automation. The company has several manufacturing sites located in India, and the majority of its revenue is generated in India.

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