INOX India (NSE:INOXINDIA) ROCE % : 36.66% (As of Sep. 2024)

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What is INOX India 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. INOX India's annualized ROCE % for the quarter that ended in Sep. 2024 was 36.66%.

INOX India ROCE % Historical Data

The historical data trend for INOX India'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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INOX India ROCE % Chart

INOX India Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

34.66

38.31

37.86

41.65

INOX India Quarterly Data
	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial						42.44	45.56	33.91	41.16	36.66

INOX India ROCE % Calculation

INOX India'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 )
	=	2618.328	/	( ( (11478.124 - 5704.401)	+	(11988.6 - 5188.898) )	/ 2 )
	=	2618.328	/	( (5773.723	+	6799.702)	/ 2 )
	=	2618.328	/	6286.7125
	=	41.65 %

INOX India'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 )
	=	2857.124	/	( ( (0 - 0)	+	(14151.139 - 6358.208) )	/ 1 )
	=	2857.124	/	( ( 0	+	7792.931 )	/ 1 )
	=	2857.124	/	7792.931
	=	36.66 %

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

INOX India (NSE:INOXINDIA) 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.

INOX India ROCE % Related Terms

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INOX India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » INOX India Ltd (NSE:INOXINDIA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

544046:India

Address

Race Course, 9th Floor, K P Platina, Vadodara, GJ, IND, 390007

Website

https://www.inoxcva.com

INOX India Ltd is a manufacturer of cryogenic equipment and cryogenic tank manufacturers. The company's products include standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment, and solutions as well as large turnkey projects which are used in diverse industries such as industrial gases, liquified natural gas (LNG), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals and construction. The company generates revenue from India, Korea, France, Japan, Saudi Arabia, and other regions.

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