Bombay Metrics Supply Chain (NSE:BMETRICS) ROCE % : 3.94% (As of Mar. 2023)

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What is Bombay Metrics Supply Chain 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. Bombay Metrics Supply Chain's annualized ROCE % for the quarter that ended in Mar. 2023 was 3.94%.

Bombay Metrics Supply Chain ROCE % Historical Data

The historical data trend for Bombay Metrics Supply Chain'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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Bombay Metrics Supply Chain ROCE % Chart

Bombay Metrics Supply Chain Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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83.29

53.00

26.49

35.44

30.28

Bombay Metrics Supply Chain Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Mar24
ROCE %	Get a 7-Day Free Trial				37.21	21.65	66.16	3.94	-

Bombay Metrics Supply Chain ROCE % Calculation

Bombay Metrics Supply Chain'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 )
	=	47.494	/	( ( (331.835 - 189.422)	+	(455.532 - 284.289) )	/ 2 )
	=	47.494	/	( (142.413	+	171.243)	/ 2 )
	=	47.494	/	156.828
	=	30.28 %

Bombay Metrics Supply Chain'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: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	5.612	/	( ( (360.237 - 217.897)	+	(331.835 - 189.422) )	/ 2 )
	=	5.612	/	( ( 142.34	+	142.413 )	/ 2 )
	=	5.612	/	142.3765
	=	3.94 %

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

Bombay Metrics Supply Chain (NSE:BMETRICS) 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.

Bombay Metrics Supply Chain ROCE % Related Terms

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Bombay Metrics Supply Chain Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bombay Metrics Supply Chain Ltd (NSE:BMETRICS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

201/Quantum Towers, Ram Baug lane, S.V.Road, Near Chincholi Petrol Pump, Malad (west), Mumbai, MH, IND, 400064

Website

https://www.bombaymetrics.com

Bombay Metrics Supply Chain Ltd is engaged in the manufacturing of engineering tools, components, and supply chain management services. The company also offers efficient services in engineering, 3D scanning, rapid prototyping, flow simulation, project management, and quality management.

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