Harsha Engineers International (NSE:HARSHA) ROCE % : 13.66% (As of Sep. 2024)

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What is Harsha Engineers International 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. Harsha Engineers International's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.66%.

Harsha Engineers International ROCE % Historical Data

The historical data trend for Harsha Engineers International'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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Harsha Engineers International ROCE % Chart

Harsha Engineers International Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

12.21

16.64

24.16

20.51

14.03

Harsha Engineers International Quarterly Data
	Mar20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial										11.28	14.33	17.41	17.60	13.66

Harsha Engineers International ROCE % Calculation

Harsha Engineers International'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 )
	=	1615.2	/	( ( (14451.4 - 3435.4)	+	(15666 - 3650.1) )	/ 2 )
	=	1615.2	/	( (11016	+	12015.9)	/ 2 )
	=	1615.2	/	11515.95
	=	14.03 %

Harsha Engineers International's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	1741.2	/	( ( (0 - 0)	+	(16232.3 - 3485.4) )	/ 1 )
	=	1741.2	/	( ( 0	+	12746.9 )	/ 1 )
	=	1741.2	/	12746.9
	=	13.66 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Harsha Engineers International (NSE:HARSHA) 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.

Harsha Engineers International ROCE % Related Terms

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Harsha Engineers International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harsha Engineers International Ltd (NSE:HARSHA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

543600:India

Address

NH – 8A,Sarkhej-Bavla Highway, Changodar, Ahmedabad, GJ, IND, 382213

Website

https://www.harshaengineers.com

Harsha Engineers International Ltd is a manufacturer of precision bearing cages. The company supplies its products to customers covering five continents such as North America, Europe, Asia, South America, and Africa. It comprises two segments: Engineering business, under which the company manufactures bearing cages (in brass, steel, and polyamide materials), complex and specialized precision stamped components, welded assemblies and brass castings and cages & bronze bushings: and Solar EPC business, under which the company provide complete comprehensive turnkey solutions to all solar photovoltaic requirements and provides operations and maintenance services in the solar sector.

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