Baheti Recycling Industries (NSE:BAHETI) ROCE % : 35.47% (As of Mar. 2023)

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What is Baheti Recycling Industries 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. Baheti Recycling Industries's annualized ROCE % for the quarter that ended in Mar. 2023 was 35.47%.

Baheti Recycling Industries ROCE % Historical Data

The historical data trend for Baheti Recycling Industries'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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Baheti Recycling Industries ROCE % Chart

Baheti Recycling Industries Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

23.39

23.38

35.10

35.47

Baheti Recycling Industries Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
ROCE %	23.39	23.38	35.10	35.47

Baheti Recycling Industries ROCE % Calculation

Baheti Recycling Industries'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 )
	=	123.036	/	( ( (819.039 - 585.668)	+	(1269.719 - 809.257) )	/ 2 )
	=	123.036	/	( (233.371	+	460.462)	/ 2 )
	=	123.036	/	346.9165
	=	35.47 %

Baheti Recycling Industries's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	123.036	/	( ( (819.039 - 585.668)	+	(1269.719 - 809.257) )	/ 2 )
	=	123.036	/	( ( 233.371	+	460.462 )	/ 2 )
	=	123.036	/	346.9165
	=	35.47 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Baheti Recycling Industries (NSE:BAHETI) 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.

Baheti Recycling Industries ROCE % Related Terms

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Baheti Recycling Industries (NSE:BAHETI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Baheti Recycling Industries Ltd (NSE:BAHETI) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

A-2/3, L.R. Apartments, Opposite Police Commissioner Office, Shahibaug, Ahmedabad, GJ, IND, 380 004

Website

https://www.bahetiindustries.com

Baheti Recycling Industries Ltd is an aluminium recycling company, primarily engaged in processing aluminium based metal scrap to manufacture aluminium alloys in the form of ingots and aluminium de-ox alloys in the form of cubes, ingots, shots and notch bar. The company is also engaged in trading of scrap materials such as aluminium scrap, brass scrap, copper scrap, zinc scrap etc. Its products are being used in various industries, which include automobiles, construction, electrical transmission application, food packaging etc.

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