Holmarc Opto-Mechatronics (NSE:HOLMARC) ROCE % : 23.80% (As of Mar. 2024)

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What is Holmarc Opto-Mechatronics 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. Holmarc Opto-Mechatronics's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.80%.

Holmarc Opto-Mechatronics ROCE % Historical Data

The historical data trend for Holmarc Opto-Mechatronics'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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Holmarc Opto-Mechatronics ROCE % Chart

Holmarc Opto-Mechatronics Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

11.27

21.50

38.74

23.80

Holmarc Opto-Mechatronics Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	11.27	21.50	38.74	23.80

Holmarc Opto-Mechatronics ROCE % Calculation

Holmarc Opto-Mechatronics'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 )
	=	47.084	/	( ( (165.886 - 26.042)	+	(277.222 - 21.472) )	/ 2 )
	=	47.084	/	( (139.844	+	255.75)	/ 2 )
	=	47.084	/	197.797
	=	23.80 %

Holmarc Opto-Mechatronics'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 )
	=	47.084	/	( ( (165.886 - 26.042)	+	(277.222 - 21.472) )	/ 2 )
	=	47.084	/	( ( 139.844	+	255.75 )	/ 2 )
	=	47.084	/	197.797
	=	23.80 %

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

Holmarc Opto-Mechatronics (NSE:HOLMARC) 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.

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Holmarc Opto-Mechatronics (NSE:HOLMARC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Holmarc Opto-Mechatronics Ltd (NSE:HOLMARC) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Building No. 11/490, B-7, HMT Industrial Estate, Kalamassery, Kanayanoor Taluk, Ernakulam, KL, IND, 683503

Website

https://www.holmarc.com

Holmarc Opto-Mechatronics Ltd is engaged in manufacturing a variety of scientific and engineering instruments for research, industry and education i.e. Imaging Instruments, Measuring Instruments, Spectroscopy, Analytical Instruments, Lab Instruments, Physics Lab Instruments, Breadboard/Table Tops, Opto-mechanics, Optics, Linear & Rotation Stages, Motorized Linear & Rotation Stages, Industrial Automation etc.

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