Electro Force (India) (NSE:EFORCE) ROCE % : -4.82% (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Electro Force (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. Electro Force (India)'s annualized ROCE % for the quarter that ended in Mar. 2024 was -4.82%.

Electro Force (India) ROCE % Historical Data

The historical data trend for Electro Force (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.

* Premium members only.

Electro Force (India) ROCE % Chart

Electro Force (India) Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

-28.81

77.88

58.43

18.81

Electro Force (India) Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
ROCE %	-	-	-	86.16	-4.82

Electro Force (India) ROCE % Calculation

Electro Force (India)'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 )
	=	83.457	/	( ( (723.151 - 538.554)	+	(856.452 - 153.598) )	/ 2 )
	=	83.457	/	( (184.597	+	702.854)	/ 2 )
	=	83.457	/	443.7255
	=	18.81 %

Electro Force (India)'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 )
	=	-23.132	/	( ( (782.7 - 526.155)	+	(856.452 - 153.598) )	/ 2 )
	=	-23.132	/	( ( 256.545	+	702.854 )	/ 2 )
	=	-23.132	/	479.6995
	=	-4.82 %

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

Electro Force (India) (NSE:EFORCE) 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.

Electro Force (India) ROCE % Related Terms

Thank you for viewing the detailed overview of Electro Force (India)'s ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Electro Force (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Electro Force (India) Ltd (NSE:EFORCE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

39/5, Mauje Waliv Vasai (East), Taluka - Vasai East, District - Palghar, Thane, MH, IND, 401 208

Website

https://www.electroforceindia.com

Electro Force (India) Ltd is engaged in designing and manufacturing precision sheet metal components, plastic injection moldings, and related assemblies. It includes product designing, prototyping, and process development for precision sheet metal components & plastic products & assemblies for the electrical & switchgear industry. The Company conducts its business in only one Geographical Segment which is India.

Electro Force (India) Headlines

No Headlines