V-Marc India (NSE:VMARCIND) ROCE % : 31.16% (As of Sep. 2024)

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What is V-Marc 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. V-Marc India's annualized ROCE % for the quarter that ended in Sep. 2024 was 31.16%.

V-Marc India ROCE % Historical Data

The historical data trend for V-Marc 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.

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V-Marc India ROCE % Chart

V-Marc India Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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31.37

28.00

18.61

25.89

40.21

V-Marc India Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial							19.33	34.45	23.64	54.69	31.16

V-Marc India ROCE % Calculation

V-Marc 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 )
	=	550.135	/	( ( (2462.368 - 1403.858)	+	(4541.742 - 2863.857) )	/ 2 )
	=	550.135	/	( (1058.51	+	1677.885)	/ 2 )
	=	550.135	/	1368.1975
	=	40.21 %

V-Marc 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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	547.18	/	( ( (4541.742 - 2863.857)	+	(4892.707 - 3058.052) )	/ 2 )
	=	547.18	/	( ( 1677.885	+	1834.655 )	/ 2 )
	=	547.18	/	1756.27
	=	31.16 %

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

V-Marc India (NSE:VMARCIND) 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.

V-Marc India ROCE % Related Terms

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V-Marc India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » V-Marc India Ltd (NSE:VMARCIND) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Plot No. 3, 4, 18, 20A, Sector IIDC, SIDCUL, Haridwar, UT, IND, 249403

Website

https://www.v-marc.com

V-Marc India Ltd is engaged in the business of manufacturing and marketing wires and cables under the brand name of V-Marc. The company manufactures and sells a diversified range of wires and cables such as single & multistrand cables, LAN cables, coaxial cables, CCTV cables, telephone switchboard cables, power cables, core flat cables, solar cables, aerial bunched cables, and others. It is a Specialised Control and instrumentation cable company offering a wide range of cable products to multiple industries. Geographically, it operates in India.

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