Uravi T & Wedge Lamps (NSE:URAVI) ROCE % : 16.58% (As of Sep. 2023)

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What is Uravi T & Wedge Lamps 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. Uravi T & Wedge Lamps's annualized ROCE % for the quarter that ended in Sep. 2023 was 16.58%.

Uravi T & Wedge Lamps ROCE % Historical Data

The historical data trend for Uravi T & Wedge Lamps'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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Uravi T & Wedge Lamps ROCE % Chart

Uravi T & Wedge Lamps Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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24.56

14.29

1.98

11.47

11.89

Uravi T & Wedge Lamps Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial													12.95	9.61	15.41	8.18	16.58

Uravi T & Wedge Lamps ROCE % Calculation

Uravi T & Wedge Lamps'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 )
	=	33.271	/	( ( (492.552 - 216.9)	+	(515.55 - 231.689) )	/ 2 )
	=	33.271	/	( (275.652	+	283.861)	/ 2 )
	=	33.271	/	279.7565
	=	11.89 %

Uravi T & Wedge Lamps's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	48.438	/	( ( (515.55 - 231.689)	+	(569.853 - 269.282) )	/ 2 )
	=	48.438	/	( ( 283.861	+	300.571 )	/ 2 )
	=	48.438	/	292.216
	=	16.58 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Uravi T & Wedge Lamps (NSE:URAVI) 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.

Uravi T & Wedge Lamps ROCE % Related Terms

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Uravi T & Wedge Lamps (NSE:URAVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Uravi T & Wedge Lamps Ltd (NSE:URAVI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

543930:India

Address

L.B.S. Marg, Shop Number 329, Avior, Nirmal Galaxy, Mulund (West), Mumbai, MH, IND, 400080

Website

https://www.uravilamps.com

Uravi T & Wedge Lamps Ltd is an Indian firm engaged in the manufacturing and distribution of automotive lamps and instrument cluster lighting for two-wheelers, four-wheelers, tractors, and Industrial applications for various Indian automobile manufacturers. The company's products offering includes Incandescent Head Lamps, Stop, Tail, and Indicators (Signaling Lamps), Wedge Base Lamps, Halogen Head Lamps, and others.

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