Wheels India (NSE:WHEELS) ROCE % : 20.01% (As of Sep. 2024)

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What is Wheels 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. Wheels India's annualized ROCE % for the quarter that ended in Sep. 2024 was 20.01%.

Wheels India ROCE % Historical Data

The historical data trend for Wheels 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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Wheels India ROCE % Chart

Wheels India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.28

5.54

15.79

16.04

17.30

Wheels India Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															12.22	15.12	26.66	20.21	20.01

Wheels India ROCE % Calculation

Wheels 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 )
	=	1968	/	( ( (30475.7 - 19781.9)	+	(31041.4 - 18982.2) )	/ 2 )
	=	1968	/	( (10693.8	+	12059.2)	/ 2 )
	=	1968	/	11376.5
	=	17.30 %

Wheels 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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	2528.4	/	( ( (0 - 0)	+	(30412 - 17774.5) )	/ 1 )
	=	2528.4	/	( ( 0	+	12637.5 )	/ 1 )
	=	2528.4	/	12637.5
	=	20.01 %

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

Wheels India (NSE:WHEELS) 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.

Wheels India ROCE % Related Terms

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Wheels India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wheels India Ltd (NSE:WHEELS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

590073:India

Address

M.T.H. Road, Padi, Chennai, TN, IND, 600 050

Website

https://www.wheelsindia.com

Wheels India Ltd is a manufacturer of automobile wheels. The firm is organized into Automotive Components and Industrial Components segment. The automotive company segment is engaged in the manufacture of road wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors and construction equipment; however, the group is also engaged in the manufacturing suspension products for the vehicles. The industrial segment includes components and structures for windmills, railways and thermal power plants. It operates in the Indian and international markets, of which key revenue is derived from India. The majority of the company's revenue is generated from Automotive components.

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