Rappid Valves (India) (NSE:RAPPID) ROCE % : 69.30% (As of Mar. 2024)

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What is Rappid Valves (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. Rappid Valves (India)'s annualized ROCE % for the quarter that ended in Mar. 2024 was 69.30%.

Rappid Valves (India) ROCE % Historical Data

The historical data trend for Rappid Valves (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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Rappid Valves (India) ROCE % Chart

Rappid Valves (India) Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

73.30

52.92

69.30

Rappid Valves (India) Semi-Annual Data
	Mar22	Mar23	Mar24
ROCE %	73.30	52.92	69.30

Rappid Valves (India) ROCE % Calculation

Rappid Valves (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 )
	=	67.415	/	( ( (165.675 - 114.352)	+	(299.441 - 156.216) )	/ 2 )
	=	67.415	/	( (51.323	+	143.225)	/ 2 )
	=	67.415	/	97.274
	=	69.30 %

Rappid Valves (India)'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: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	67.415	/	( ( (165.675 - 114.352)	+	(299.441 - 156.216) )	/ 2 )
	=	67.415	/	( ( 51.323	+	143.225 )	/ 2 )
	=	67.415	/	97.274
	=	69.30 %

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

Rappid Valves (India) (NSE:RAPPID) 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.

Rappid Valves (India) ROCE % Related Terms

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Rappid Valves (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rappid Valves (India) Ltd (NSE:RAPPID) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Genesis Industrial Complex, Plot No.30 & 31, Village Kolgaon, Palghar (East), District Palghar, Thane, MH, IND, 401404

Website

https://www.rappidvalves.in

Rappid Valves (India) Ltd is an engineering company engaged in the manufacturing of Valve solutions. Its product portfolio includes Ball valves, Gate Valves, Globe Valves, Butterfly Valves, Check Valves, Double Block valves, Strainer Valves and Marine Valves which are manufactured using ferrous and non-ferrous materials, sizes ranging from 15mm to 600mm catering to diverse requirement.

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