International Conveyors (NSE:INTLCONV) ROCE % : 13.77% (As of Mar. 2024)

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What is International Conveyors 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. International Conveyors's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.77%.

International Conveyors ROCE % Historical Data

The historical data trend for International Conveyors'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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International Conveyors ROCE % Chart

International Conveyors Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.19

19.16

16.34

18.85

34.51

International Conveyors 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															23.41	36.97	47.03	39.57	13.77

International Conveyors ROCE % Calculation

International Conveyors'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 )
	=	859.8	/	( ( (3107.488 - 953.281)	+	(4392.4 - 1563.9) )	/ 2 )
	=	859.8	/	( (2154.207	+	2828.5)	/ 2 )
	=	859.8	/	2491.3535
	=	34.51 %

International Conveyors'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 )
	=	389.6	/	( ( (0 - 0)	+	(4392.4 - 1563.9) )	/ 1 )
	=	389.6	/	( ( 0	+	2828.5 )	/ 1 )
	=	389.6	/	2828.5
	=	13.77 %

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

International Conveyors (NSE:INTLCONV) 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.

International Conveyors ROCE % Related Terms

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International Conveyors (NSE:INTLCONV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » International Conveyors Ltd (NSE:INTLCONV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

509709:India

Address

10, Middleton Row, Kolkata, WB, IND, 700071

Website

https://www.iclbelting.com

International Conveyors Ltd is engaged in manufacturing and trading of Conveyor belting; trading of Ply Conveyor Belting, Steel Cord Conveyor Belting and fitting and accessories; and generation and sale of power. It manufactures and distributes PVC fire resistant antistatic solid woven coal conveyor belt. The company operates its business through the segments of Conveyor Belting, Wind Energy, and Trading Goods segment. The Conveyor Belting segment, which is the key revenue driver, includes PVC fire-resistant antistatic solid woven coal conveyor belting whereas the Wind Energy segment includes generation, supply, and sale of wind power. The group sells its products in India and also exports them to other countries, of which key revenue is derived from the export sales made.

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