Deem Roll Tech (NSE:DEEM) ROCE % : 17.19% (As of Mar. 2024)

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What is Deem Roll Tech 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. Deem Roll Tech's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.19%.

Deem Roll Tech ROCE % Historical Data

The historical data trend for Deem Roll Tech'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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Deem Roll Tech ROCE % Chart

Deem Roll Tech Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

20.60

16.56

21.54

16.56

Deem Roll Tech Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
ROCE %	-	-	-	20.21	17.19

Deem Roll Tech ROCE % Calculation

Deem Roll Tech'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 )
	=	119.878	/	( ( (935.934 - 392.676)	+	(1340.862 - 436.619) )	/ 2 )
	=	119.878	/	( (543.258	+	904.243)	/ 2 )
	=	119.878	/	723.7505
	=	16.56 %

Deem Roll Tech'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	126.978	/	( ( (982.585 - 409.597)	+	(1340.862 - 436.619) )	/ 2 )
	=	126.978	/	( ( 572.988	+	904.243 )	/ 2 )
	=	126.978	/	738.6155
	=	17.19 %

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

Deem Roll Tech (NSE:DEEM) 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.

Deem Roll Tech ROCE % Related Terms

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Deem Roll Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Deem Roll Tech Ltd (NSE:DEEM) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

C-3/301, S.G. Highway, Anushruti Apartment, Nr. Jain Mandir, Opp New York Tower, Ahmedabad, GJ, IND, 380054

Website

https://www.deemrolls.com

Deem Roll Tech Ltd is a manufacturers of high-quality steel and alloy Rolls in India. The company comprises three fully integrated factories with machine shops, foundries and heat treatment plants. The company's products include S.G Iron or Ductile Iron Roll, Indefinite Chill Alloy Cast Iron, Alloy Steel Base, Double Poured Alloy Indefinite Chil, HSS Rolls, Spheroidal Graphite Iron Rolls, etc. The company generates the majority of its revenue from sales in Gujarat, followed by Kolkata.

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