The Hi-Tech Gears (NSE:HITECHGEAR) ROCE % : 18.14% (As of Mar. 2024)

View and export this data going back to 2002. Start your Free Trial

What is The Hi-Tech Gears 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. The Hi-Tech Gears's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.14%.

The Hi-Tech Gears ROCE % Historical Data

The historical data trend for The Hi-Tech Gears'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.

The Hi-Tech Gears ROCE % Chart

The Hi-Tech Gears Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

8.03

8.44

5.35

10.63

28.88

The Hi-Tech Gears Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															12.62	14.15	67.93	19.26	18.14

The Hi-Tech Gears ROCE % Calculation

The Hi-Tech Gears'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 )
	=	1757.01	/	( ( (9854.6 - 3835.26)	+	(9084.18 - 2937.14) )	/ 2 )
	=	1757.01	/	( (6019.34	+	6147.04)	/ 2 )
	=	1757.01	/	6083.19
	=	28.88 %

The Hi-Tech Gears'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1115.2	/	( ( (0 - 0)	+	(9084.18 - 2937.14) )	/ 1 )
	=	1115.2	/	( ( 0	+	6147.04 )	/ 1 )
	=	1115.2	/	6147.04
	=	18.14 %

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

The Hi-Tech Gears (NSE:HITECHGEAR) 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.

The Hi-Tech Gears ROCE % Related Terms

Thank you for viewing the detailed overview of The Hi-Tech Gears's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

The Hi-Tech Gears (NSE:HITECHGEAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » The Hi-Tech Gears Ltd (NSE:HITECHGEAR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

522073:India

Address

Sushant Lok 1, Sector 27, Tower B, 14th Floor, Unitech's Millennium plaza, Gurugram, HR, IND, 122009

Website

https://www.thehitechgears.com

The Hi-Tech Gears Ltd is a manufacturer of auto components. The company is primarily engaged in the business of gears and transmission components. It provides diverse parts and accessories for motor vehicles such as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalyzer, clutches, steering wheels, steering columns and steering boxes. The company's product includes power takeoff, car transmission and driveline components, precision forging or precision machining, and machined sintered components. Geographically, it derives a majority of revenue from India.

The Hi-Tech Gears (NSE:HITECHGEAR) Headlines

No Headlines