Goldstar Power (NSE:GOLDSTAR) ROCE % : 21.89% (As of Mar. 2024)

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What is Goldstar Power 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. Goldstar Power's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.89%.

Goldstar Power ROCE % Historical Data

The historical data trend for Goldstar Power'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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Goldstar Power ROCE % Chart

Goldstar Power Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.94

4.26

7.59

21.12

21.89

Goldstar Power Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Mar24
ROCE %	Get a 7-Day Free Trial							4.94	4.26	7.59	21.12	21.89

Goldstar Power ROCE % Calculation

Goldstar Power'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 )
	=	72.301	/	( ( (444.879 - 131.033)	+	(538.434 - 191.741) )	/ 2 )
	=	72.301	/	( (313.846	+	346.693)	/ 2 )
	=	72.301	/	330.2695
	=	21.89 %

Goldstar Power'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: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	72.301	/	( ( (444.879 - 131.033)	+	(538.434 - 191.741) )	/ 2 )
	=	72.301	/	( ( 313.846	+	346.693 )	/ 2 )
	=	72.301	/	330.2695
	=	21.89 %

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

Goldstar Power (NSE:GOLDSTAR) 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.

Goldstar Power ROCE % Related Terms

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Goldstar Power Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Goldstar Power Ltd (NSE:GOLDSTAR) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Rajkot Highway, Behind Ravi Petrol Pump, At & Post Hapa, Jamanagar, GJ, IND, 361120

Website

https://www.goldstarpower.com

Goldstar Power Ltd is a battery manufacturing Company. It sells its products under brand GOLDSTAR that includes Fully Automotive Batteries for Car, Tractor and Heavy Duty Trucks, Tubular Batteries for E-Rickshaw, SMF-VRLA Batteries for UPS Application, Motorcycle Batteries, Solar Batteries, Pure Lead and Alloy. The company has two reportable segments: Manufacturing of Battery, Lead Alloy and Trading of Inverter, Chemicals & other battery related equipment. Key revenue is generated from Manufacturing of Battery, Lead Alloy segment.

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