Five Core Electronics (NSE:FIVECORE) ROCE %: 22.07% (As of Dec. 2018)

What is Five Core Electronics ROCE %?

Five Core Electronics NSE:FIVECORE ROCE % is 22.07% as of Dec. 2018.

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. Five Core Electronics's annualized ROCE % for the quarter that ended in Dec. 2018 was 22.07%.

Five Core Electronics (NSE:FIVECORE) 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.

Five Core Electronics ROCE % Related Terms

Five Core Electronics ROCE % Historical Data

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The historical data trend for Five Core Electronics'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.

Five Core Electronics ROCE % Chart

Five Core Electronics Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

ROCE %

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14.66

13.25

13.45

12.72

36.61

Five Core Electronics Quarterly Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
ROCE %	Get a 7-Day Free Trial						54.73	33.67	39.87	28.92	22.07

Five Core Electronics ROCE % Calculation

Five Core Electronics's annualized ROCE % for the fiscal year that ended in Mar. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2018 )		(A: Mar. 2017 )		(A: Mar. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2018 )		(A: Mar. 2017 )		(A: Mar. 2018 )
	=	251.081	/	( ( (806.974 - 276.872)	+	(1521.173 - 679.52) )	/ 2 )
	=	251.081	/	( (530.102	+	841.653)	/ 2 )
	=	251.081	/	685.8775
	=	36.61 %

Five Core Electronics's ROCE % of for the quarter that ended in Dec. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2018 )		(Q: Sep. 2018 )		(Q: Dec. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2018 )		(Q: Sep. 2018 )		(Q: Dec. 2018 )
	=	302.072	/	( ( (1861.746 - 492.968)	+	(0 - 0) )	/ 1 )
	=	302.072	/	( ( 1368.778	+	0 )	/ 1 )
	=	302.072	/	1368.778
	=	22.07 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2018) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 22.07% mean?

Five Core Electronics (NSE:FIVECORE) has a ROCE % of 22.07% as of Dec. 2018.

Is Five Core Electronics' ROCE % too high?

Five Core Electronics' current ROCE % is 22.07%. The Hardware industry median ROCE % is 5.81. Five Core Electronics' value of 22.07% is 279.9% above this industry median.

How does Five Core Electronics' ROCE % compare to ?

Five Core Electronics' ROCE % of 22.07% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.81. Five Core Electronics' value of 22.07% is 279.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Hardware company?

The median ROCE % among Hardware companies is 5.81, based on 2,449 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Five Core Electronics's current ROCE % of 22.07% is 279.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median ROCE % is 5.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Five Core Electronics's current ROCE % is 22.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Five Core Electronics stock overvalued right now?

Five Core Electronics (NSE:FIVECORE) has a current ROCE % of 22.07%. The current ROCE % is 22.07% and 279.9% above the Hardware industry median of 5.81. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Five Core Electronics (NSE:FIVECORE), the current ROCE % is 22.07% as of Dec. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Five Core Electronics Business Description

Industry Technology Hardware

Comparable Companies

Address Uggarsain Market, Ashok Nagar, WZ-15B, Ground Floor, New Delhi, IND, 110018

Website http://www.5core.com

Five Core Electronics Ltd is mainly engaged in Manufacturing and Trading of Electronics and Electricals items with their components. Its products portfolio includes Microphones, Speakers, Amplifiers, Mixers, Conference systems, Megaphones, Horns, Bass Tubes, Tweeters, Home Theaters, Car Speakers, Wall and Ceiling Speakers, TV and other electronics / electrical goods. The company exports its products to U.S.A, U.K, China, Hong Kong, Columbia, Singapore, Dubai, S.A, Saudi Arabia, Kuwait, Nepal, Egypt, Brazil, Argentina, Tanzania, Nigeria, and Bangladesh.