Refractory Shapes (NSE:REFRACTORY) ROCE % : 22.11% (As of Sep. 2024)

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What is Refractory Shapes 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. Refractory Shapes's annualized ROCE % for the quarter that ended in Sep. 2024 was 22.11%.

Refractory Shapes ROCE % Historical Data

The historical data trend for Refractory Shapes'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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Refractory Shapes ROCE % Chart

Refractory Shapes Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

13.22

17.97

13.63

Refractory Shapes Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
ROCE %	-	-	-	27.95	22.11

Refractory Shapes ROCE % Calculation

Refractory Shapes's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	35.054	/	( ( (368.482 - 115.364)	+	(500.381 - 239.094) )	/ 2 )
	=	35.054	/	( (253.118	+	261.287)	/ 2 )
	=	35.054	/	257.2025
	=	13.63 %

Refractory Shapes's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Sep. 2023 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Sep. 2023 )		(Q: Sep. 2024 )
	=	90.702	/	( ( (538.012 - 252.757)	+	(651.792 - 116.689) )	/ 2 )
	=	90.702	/	( ( 285.255	+	535.103 )	/ 2 )
	=	90.702	/	410.179
	=	22.11 %

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

Refractory Shapes (NSE:REFRACTORY) 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.

Refractory Shapes ROCE % Related Terms

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Refractory Shapes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Refractory Shapes Ltd (NSE:REFRACTORY) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Andheri-Kurla Road, B 201, Rustomjee Central Park Chakala, Andheri (East), Mumbai, MH, IND, 400069

Website

https://www.refshape.com

Refractory Shapes Ltd is primarily engaged in the manufacturing of various types of bricks, castables, high alumina catalysts, and ceramic balls, including pre-cast & pre-fired blocks (PCPF), burner blocks, special-shaped refractory bricks, dense and insulating castables, and mortars.

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