Transteel Seating Technologies (NSE:TRANSTEEL) ROCE % : 33.23% (As of Mar. 2024)

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What is Transteel Seating Technologies 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. Transteel Seating Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 33.23%.

Transteel Seating Technologies ROCE % Historical Data

The historical data trend for Transteel Seating Technologies'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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Transteel Seating Technologies ROCE % Chart

Transteel Seating Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

11.80

38.13

58.74

29.44

Transteel Seating Technologies Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
ROCE %	-	-	-	33.43	33.23

Transteel Seating Technologies ROCE % Calculation

Transteel Seating Technologies'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 )
	=	189.822	/	( ( (834.705 - 426.483)	+	(1422.7 - 541.478) )	/ 2 )
	=	189.822	/	( (408.222	+	881.222)	/ 2 )
	=	189.822	/	644.722
	=	29.44 %

Transteel Seating Technologies'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 )
	=	228.656	/	( ( (1006.218 - 511.076)	+	(1422.7 - 541.478) )	/ 2 )
	=	228.656	/	( ( 495.142	+	881.222 )	/ 2 )
	=	228.656	/	688.182
	=	33.23 %

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

Transteel Seating Technologies (NSE:TRANSTEEL) 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.

Transteel Seating Technologies ROCE % Related Terms

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Transteel Seating Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Transteel Seating Technologies Ltd (NSE:TRANSTEEL) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 28, 4th Main, `b, Yeshwanthpur, Bangalore, KA, IND, 560022

Website

https://www.transteel.com

Transteel Seating Technologies Ltd is a furniture providing company in which has developed the skill and expertise in making chairs, office furniture and other residential and commercial furniture. Their products are ready to use and provide space management and are targeted to clients in Education, healthcare, hospitality, banking, insurance and Info Tech companies.

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