Opal Luxury Time Products (NSE:OPAL) ROCE %: 0.00% (As of Sep. 2019)


What is Opal Luxury Time Products ROCE %?

Opal Luxury Time Products NSE:OPAL ROCE % is 0.00% as of Sep. 2019.

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. Opal Luxury Time Products's annualized ROCE % for the quarter that ended in Sep. 2019 was 0.00%.

Opal Luxury Time Products  (NSE:OPAL) 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.

Opal Luxury Time Products ROCE % Related Terms

Opal Luxury Time Products ROCE % Historical Data

* Premium members only.

The historical data trend for Opal Luxury Time Products'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.

Opal Luxury Time Products ROCE % Chart

Opal Luxury Time Products Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
ROCE %
Get a 7-Day Free Trial 12.56 5.17 4.79 -12.46 -15.84

Opal Luxury Time Products Semi-Annual Data
Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Sep18 Sep19
ROCE % Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 -32.71 0.00

Opal Luxury Time Products ROCE % Calculation

Opal Luxury Time Products's annualized ROCE % for the fiscal year that ended in Mar. 2018 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2018 )  (A: Mar. 2017 )(A: Mar. 2018 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2018 )  (A: Mar. 2017 )(A: Mar. 2018 )
=-39.231/( ( (468.454 - 211.925) + (396.292 - 157.33) )/ 2 )
=-39.231/( (256.529+238.962)/ 2 )
=-39.231/247.7455
=-15.84 %

Opal Luxury Time Products's ROCE % of for the quarter that ended in Sep. 2019 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2019 )  (Q: Sep. 2018 )(Q: Sep. 2019 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2019 )  (Q: Sep. 2018 )(Q: Sep. 2019 )
=-280.366/( ( (0 - 0) + (114.468 - 169.406) )/ 1 )
=-280.366/( ( 0 + -54.938 )/ 1 )
=-280.366/-54.938
=0 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2019) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 0.00% mean?
Opal Luxury Time Products (NSE:OPAL) has a ROCE % of 0.00% as of Sep. 2019.
Is Opal Luxury Time Products' ROCE % too high?
Opal Luxury Time Products' current ROCE % is 0.00%.
How does Opal Luxury Time Products' ROCE % compare to FBHS and WHR?
Opal Luxury Time Products' ROCE % of 0.00% can be compared against companies in the Furnishings, Fixtures & Appliances industry. The industry median ROCE % is 5.73. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Furnishings, Fixtures & Appliances company?
The median ROCE % among Furnishings, Fixtures & Appliances companies is 5.73, based on 430 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Furnishings, Fixtures & Appliances industry, the median ROCE % is 5.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Opal Luxury Time Products's current ROCE % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Opal Luxury Time Products stock overvalued right now?
Opal Luxury Time Products (NSE:OPAL) has a current ROCE % of 0.00%. The current ROCE % is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Opal Luxury Time Products (NSE:OPAL), the current ROCE % is 0.00% as of Sep. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Opal Luxury Time Products Business Description

Address Senapati Bapat Road, Shree Ganesh, Plot No. 31, 1st Floor, Shivaji Housing Society, Behind ICC Tower, Pune, MH, IND, 411016
Opal Luxury Time Products Ltd is engaged in manufacturing and marketing of home decor products and designs, manufactures, assembles, markets in India and offers watches, wall and table clocks, and allied products and accessories. The firm markets its products through a network of distributors, dealers, home decor stores, furniture stores, crockery dealers, and organized retailers under the Opal brand. The company operates 333 counters and 11 online shopping portals in India. The firm offers a diverse product mix which varies with the following parameters: Price Range, Mould-component-make (wood, metal, acrylic, glass, etc.) and Styles (statue, table, digital, and contemporary). It also offers its products through opalclocks.com, an online shopping portal.