Wonder Electricals (NSE:WEL) ROCE % : 46.73% (As of Mar. 2024)

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What is Wonder Electricals 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. Wonder Electricals's annualized ROCE % for the quarter that ended in Mar. 2024 was 46.73%.

Wonder Electricals ROCE % Historical Data

The historical data trend for Wonder Electricals'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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Wonder Electricals ROCE % Chart

Wonder Electricals Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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20.98

15.89

23.72

19.38

23.45

Wonder Electricals Quarterly Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															50.40	11.44	2.79	32.11	46.73

Wonder Electricals ROCE % Calculation

Wonder Electricals'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 )
	=	188.571	/	( ( (2328.667 - 1670.06)	+	(3524.755 - 2574.777) )	/ 2 )
	=	188.571	/	( (658.607	+	949.978)	/ 2 )
	=	188.571	/	804.2925
	=	23.45 %

Wonder Electricals'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	443.948	/	( ( (0 - 0)	+	(3524.755 - 2574.777) )	/ 1 )
	=	443.948	/	( ( 0	+	949.978 )	/ 1 )
	=	443.948	/	949.978
	=	46.73 %

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

Wonder Electricals (NSE:WEL) 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.

Wonder Electricals ROCE % Related Terms

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Wonder Electricals (NSE:WEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Wonder Electricals Ltd (NSE:WEL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

543449:India

Address

Plot No. 45, Okhla Industrial Estate, Phase-III, Ground Floor, New Delhi, IND, 110020

Website

https://www.wonderelectricals.com

Wonder Electricals Ltd is engaged in the manufacturing of ceiling fans, exhaust, pedestal, and brushless DC fans. Geographically the activities are carried out throughout India.

Wonder Electricals (NSE:WEL) Headlines

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