Bajaj Electricals (BOM:500031) ROCE % : 10.03% (As of Mar. 2024)

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What is Bajaj 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. Bajaj Electricals's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.03%.

Bajaj Electricals ROCE % Historical Data

The historical data trend for Bajaj 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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Bajaj Electricals ROCE % Chart

Bajaj Electricals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.65

19.24

13.14

17.77

12.66

Bajaj Electricals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															18.03	12.53	14.96	17.89	10.03

Bajaj Electricals ROCE % Calculation

Bajaj 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 )
	=	2365.8	/	( ( (46771.61 - 26166.709)	+	(38331.6 - 21575.6) )	/ 2 )
	=	2365.8	/	( (20604.901	+	16756)	/ 2 )
	=	2365.8	/	18680.4505
	=	12.66 %

Bajaj 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 )
	=	1680.4	/	( ( (0 - 0)	+	(38331.6 - 21575.6) )	/ 1 )
	=	1680.4	/	( ( 0	+	16756 )	/ 1 )
	=	1680.4	/	16756
	=	10.03 %

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

Bajaj Electricals (BOM:500031) 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.

Bajaj Electricals ROCE % Related Terms

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Bajaj Electricals (BOM:500031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Bajaj Electricals Ltd (BOM:500031) » Definitions » ROCE %

Traded in Other Exchanges

BAJAJELEC:India

Address

Bhanu Shankar Yagnik Marg, Off Eastern Express Highway, 001, 502, 701 and 801, Rustomjee Aspiree, Sion East, Mumbai, MH, IND, 400 022

Website

https://www.bajajelectricals.com

Bajaj Electricals Ltd is an Indian company that manufactures and sells consumer electrical appliances. The company's operating segment includes Consumer Products; Lighting and EPC. The Engineering and Projects segment includes Transmission Line Towers, Power Distribution and Illumination. The Consumer Products segment, which is the key revenue driver, includes Appliances, Fans and Consumer Lighting Products. The Lighting segment includes Professional Lighting (B2B) and Consumer Lighting (B2C)The group has a business presence in India and Outside India.

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