Havells India (NSE:HAVELLS) ROCE % : 21.02% (As of Dec. 2023)

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What is Havells 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. Havells India's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.02%.

Havells India ROCE % Historical Data

The historical data trend for Havells 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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Havells India ROCE % Chart

Havells India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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26.79

19.76

27.91

25.61

20.84

Havells India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															22.82	27.12	21.33	18.07	21.02

Havells India ROCE % Calculation

Havells India'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 )
	=	14806.8	/	( ( (105232.1 - 36331.1)	+	(111574.4 - 38355.4) )	/ 2 )
	=	14806.8	/	( (68901	+	73219)	/ 2 )
	=	14806.8	/	71060
	=	20.84 %

Havells India's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	16037.2	/	( ( (110179.5 - 33870.6)	+	(0 - 0) )	/ 1 )
	=	16037.2	/	( ( 76308.9	+	0 )	/ 1 )
	=	16037.2	/	76308.9
	=	21.02 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Havells India (NSE:HAVELLS) 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.

Havells India ROCE % Related Terms

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Havells India (NSE:HAVELLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Havells India Ltd (NSE:HAVELLS) » Definitions » ROCE %

Traded in Other Exchanges

517354:India

Address

2D, Expressway, QRG Towers, Sector 126, Noida, UP, IND, 201304

Website

https://www.havells.com

Havells India Ltd manufactures and distributes electrical equipment for consumer and industrial applications. Its product portfolio includes fans, appliances, switches, lighting, switch gears, circuit breakers, water heaters, air purifiers, flexible cables, air coolers, monoblock and submersible pumps, personal grooming products, motors, and reactive power solutions. The firm has seven manufacturing facilities, all of which are in India. A majority of the firm's revenue is generated in India.

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