Innomet Advanced Materials (NSE:INNOMET) ROCE % : 20.73% (As of Mar. 2024)

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What is Innomet Advanced Materials 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. Innomet Advanced Materials's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.73%.

Innomet Advanced Materials ROCE % Historical Data

The historical data trend for Innomet Advanced Materials'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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Innomet Advanced Materials ROCE % Chart

Innomet Advanced Materials Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

14.43

17.37

42.18

25.46

Innomet Advanced Materials Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
ROCE %	-	-	-	27.08	20.73

Innomet Advanced Materials ROCE % Calculation

Innomet Advanced Materials'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 )
	=	47.241	/	( ( (225.719 - 71.161)	+	(341.676 - 125.144) )	/ 2 )
	=	47.241	/	( (154.558	+	216.532)	/ 2 )
	=	47.241	/	185.545
	=	25.46 %

Innomet Advanced Materials'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	44.608	/	( ( (305.014 - 91.278)	+	(341.676 - 125.144) )	/ 2 )
	=	44.608	/	( ( 213.736	+	216.532 )	/ 2 )
	=	44.608	/	215.134
	=	20.73 %

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

Innomet Advanced Materials (NSE:INNOMET) 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.

Innomet Advanced Materials ROCE % Related Terms

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Innomet Advanced Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Innomet Advanced Materials Ltd (NSE:INNOMET) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

B-31, BHEL Ancillary Industrial Estate, Ramachandrapuram, Medak, Hyderabad, TG, IND, 502032

Website

https://www.innomet.net

Innomet Advanced Materials Ltd is engaged in manufacturing and supplying Ferrous & Non-Ferrous Metal/Alloy Powders and Tungsten Heavy Alloy components. It has 2 divisions with brand names as under: Innomet Powders, and Innotung. Innomet Powders is a manufacturer of Metal and Alloy Powders through water, air and gas atomization processes. Innotung is the brand name for The Tungsten Heavy Alloy series manufactured through the Powder Metallurgy process by the Company. it supplies the material in the form of bars, plates, cubes, spheres and components of various sizes and shapes also in the finished machined condition as per customer drawings.

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