Rajputana Industries (NSE:RAJINDLTD) ROCE % : 22.85% (As of Mar. 2024)

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What is Rajputana Industries 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. Rajputana Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.85%.

Rajputana Industries ROCE % Historical Data

The historical data trend for Rajputana Industries'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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Rajputana Industries ROCE % Chart

Rajputana Industries Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

18.59

26.01

23.20

25.34

Rajputana Industries Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
ROCE %	-	-	-	27.87	22.85

Rajputana Industries ROCE % Calculation

Rajputana Industries'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 )
	=	133.413	/	( ( (1178.127 - 684.239)	+	(1497.481 - 938.561) )	/ 2 )
	=	133.413	/	( (493.888	+	558.92)	/ 2 )
	=	133.413	/	526.404
	=	25.34 %

Rajputana Industries'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 )
	=	124.304	/	( ( (1379.471 - 850.483)	+	(1497.481 - 938.561) )	/ 2 )
	=	124.304	/	( ( 528.988	+	558.92 )	/ 2 )
	=	124.304	/	543.954
	=	22.85 %

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

Rajputana Industries (NSE:RAJINDLTD) 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.

Rajputana Industries ROCE % Related Terms

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Rajputana Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rajputana Industries Ltd (NSE:RAJINDLTD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road No. 13, F-269-B, V.K.I. Area, Jaipur, RJ, IND, 302013

Website

https://www.rajputanaindustries.com

Rajputana Industries Ltd is engaged in the business of manufacturing of non-ferrous metal products from Copper, Aluminium, Brass, and various alloys from the recycling of scrap metal. Its products include Copper rods, Aluminium rods, Copper mother tubes, brass wires, super enameled copper conductors, and many more products.

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