Tunwal E-Motors (NSE:TUNWAL) ROCE % : 73.15% (As of Mar. 2024)

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What is Tunwal E-Motors 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. Tunwal E-Motors's annualized ROCE % for the quarter that ended in Mar. 2024 was 73.15%.

Tunwal E-Motors ROCE % Historical Data

The historical data trend for Tunwal E-Motors'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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Tunwal E-Motors ROCE % Chart

Tunwal E-Motors Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

12.32

42.98

34.96

73.15

Tunwal E-Motors Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	12.32	42.98	34.96	73.15

Tunwal E-Motors ROCE % Calculation

Tunwal E-Motors'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 )
	=	177.385	/	( ( (569.449 - 385.019)	+	(758.297 - 457.716) )	/ 2 )
	=	177.385	/	( (184.43	+	300.581)	/ 2 )
	=	177.385	/	242.5055
	=	73.15 %

Tunwal E-Motors'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 )
	=	177.385	/	( ( (569.449 - 385.019)	+	(758.297 - 457.716) )	/ 2 )
	=	177.385	/	( ( 184.43	+	300.581 )	/ 2 )
	=	177.385	/	242.5055
	=	73.15 %

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

Tunwal E-Motors (NSE:TUNWAL) 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.

Tunwal E-Motors ROCE % Related Terms

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Tunwal E-Motors Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tunwal E-Motors Ltd (NSE:TUNWAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rama Icon Commercial Building, Office No 501, 5th Floor, S.No 24/2, C.T.S No. 2164, Plot No. 31/11 Sadashiv Peth, Pune, MH, IND, 411030

Website

https://www.tunwal.com

Tunwal E-Motors Ltd is engaged in the design, development, manufacturing, and distribution of electric two-wheelers. It has 23 models including various variants of two-wheelers. The company's products include Mini Sports 63 - 48V, Mini Lithino, Storm Zx, Lithino Li, ROMA, ALFA PRO, etc.

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