Thaai Casting (NSE:TCL) ROCE % : 55.35% (As of Mar. 2024)

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What is Thaai Casting 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. Thaai Casting's annualized ROCE % for the quarter that ended in Mar. 2024 was 55.35%.

Thaai Casting ROCE % Historical Data

The historical data trend for Thaai Casting'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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Thaai Casting ROCE % Chart

Thaai Casting Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

8.51

14.66

30.77

27.68

Thaai Casting Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	17.03	29.32	61.53	55.35

Thaai Casting ROCE % Calculation

Thaai Casting'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 )
	=	173.232	/	( ( (549.852 - 205.251)	+	(1352.322 - 445.13) )	/ 2 )
	=	173.232	/	( (344.601	+	907.192)	/ 2 )
	=	173.232	/	625.8965
	=	27.68 %

Thaai Casting'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 )
	=	346.464	/	( ( (549.852 - 205.251)	+	(1352.322 - 445.13) )	/ 2 )
	=	346.464	/	( ( 344.601	+	907.192 )	/ 2 )
	=	346.464	/	625.8965
	=	55.35 %

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

Thaai Casting (NSE:TCL) 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.

Thaai Casting ROCE % Related Terms

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Thaai Casting Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Thaai Casting Ltd (NSE:TCL) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

7th Cross Street, No. A-20 SIPCOT Industrial Park, Pillaipakkam, Tiruvallur, Sriperumbudur, TN, IND, 602105

Website

https://www.thaaicasting.com

Thaai Casting Ltd is a distinguished automotive ancillary company, specializing in high-pressure Die Casting, as well as the precision Machining of both Ferrous and Non-Ferrous materials and Induction heating and quenching. Its products portfolio encompasses a diverse range of Automobile components, including Engine Mounting Support Brackets, Transmission Mounts, Fork Shift and Housing, Armature Steering Wheel, Electrical Connectors, YFG Base Frame (Right-hand drive side/Left-hand drive side), Housing, Top Cover, and more.

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