RHI Magnesita India (NSE:RHIM) ROCE % : 6.71% (As of Sep. 2024)

View and export this data going back to 2012. Start your Free Trial

What is RHI Magnesita 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. RHI Magnesita India's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.71%.

RHI Magnesita India ROCE % Historical Data

The historical data trend for RHI Magnesita 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.

* Premium members only.

RHI Magnesita India ROCE % Chart

RHI Magnesita India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

34.77

23.36

37.25

-16.09

1.26

RHI Magnesita India Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															9.68	6.36	-20.63	10.28	6.71

RHI Magnesita India ROCE % Calculation

RHI Magnesita 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 )
	=	480.258	/	( ( (58805.474 - 25075.682)	+	(51155.371 - 8844.729) )	/ 2 )
	=	480.258	/	( (33729.792	+	42310.642)	/ 2 )
	=	480.258	/	38020.217
	=	1.26 %

RHI Magnesita India'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	2887.116	/	( ( (0 - 0)	+	(53237.532 - 10224.905) )	/ 1 )
	=	2887.116	/	( ( 0	+	43012.627 )	/ 1 )
	=	2887.116	/	43012.627
	=	6.71 %

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

RHI Magnesita India (NSE:RHIM) 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.

RHI Magnesita India ROCE % Related Terms

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

RHI Magnesita India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » RHI Magnesita India Ltd (NSE:RHIM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

534076:India

Address

EMAAR Digital Greens Golf Course Road Extension, 301, Tower B, Sector 61, Gurugram, HR, IND, 122011

Website

https://www.rhimagnesitaindia.com

RHI Magnesita India Ltd is engaged in the business of manufacturing and trading refractories, monolithics, bricks, and ceramic paper, and rendering management services. Its product offerings include isostatically pressed continuous casting refractories, slide gate plates, nozzles and well blocks, tundish nozzles, bottom purging refractories and top purging lances, slag arresting darts, basic spray mass for tundish working lining, and castables. The company's products are used in steel, cement and lime, non-ferrous metals, glass, and other industries. It operates in the Indian and international markets, of which a majority of its revenue is generated within India.

RHI Magnesita India Headlines

No Headlines