ISGEC Heavy Engineering (NSE:ISGEC) ROCE % : 13.58% (As of Mar. 2024)

View and export this data going back to 1994. Start your Free Trial

What is ISGEC Heavy Engineering 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. ISGEC Heavy Engineering's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.58%.

ISGEC Heavy Engineering ROCE % Historical Data

The historical data trend for ISGEC Heavy Engineering'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.

ISGEC Heavy Engineering ROCE % Chart

ISGEC Heavy Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

11.16

14.61

7.51

11.74

12.84

ISGEC Heavy Engineering 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															18.10	11.56	13.26	12.11	13.58

ISGEC Heavy Engineering ROCE % Calculation

ISGEC Heavy Engineering'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 )
	=	4178.4	/	( ( (70747 - 39089.3)	+	(78351.7 - 44939) )	/ 2 )
	=	4178.4	/	( (31657.7	+	33412.7)	/ 2 )
	=	4178.4	/	32535.2
	=	12.84 %

ISGEC Heavy Engineering'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 )
	=	4537.2	/	( ( (0 - 0)	+	(78351.7 - 44939) )	/ 1 )
	=	4537.2	/	( ( 0	+	33412.7 )	/ 1 )
	=	4537.2	/	33412.7
	=	13.58 %

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

ISGEC Heavy Engineering (NSE:ISGEC) 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.

ISGEC Heavy Engineering ROCE % Related Terms

Thank you for viewing the detailed overview of ISGEC Heavy Engineering's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

ISGEC Heavy Engineering (NSE:ISGEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ISGEC Heavy Engineering Ltd (NSE:ISGEC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

533033:India

Address

A-4, Sector 24, Noida, UP, IND, 201 301

Website

https://www.isgec.com

ISGEC Heavy Engineering Ltd is an India-based company that provides diversified engineering products and services. The company is divided into two segments. The manufacturing of machinery & equipment segment generates revenue based on orders for process plant equipment, presses, castings, boiler components, and liquified gas containers. The engineering, procurement & construction segment generates revenue based on contract manufacturing and execution of projects for setting up sugar plants, power plants, boilers, buildings, factories, and other plant equipment. The company earns the larger part of its revenue in India and the rest from international markets.

ISGEC Heavy Engineering (NSE:ISGEC) Headlines

No Headlines