Envair Electrodyne (BOM:500246) ROCE % : -27.38% (As of Dec. 2023)

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What is Envair Electrodyne 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. Envair Electrodyne's annualized ROCE % for the quarter that ended in Dec. 2023 was -27.38%.

Envair Electrodyne ROCE % Historical Data

The historical data trend for Envair Electrodyne'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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Envair Electrodyne ROCE % Chart

Envair Electrodyne Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-69.34

-30.57

-25.36

-13.64

117.78

Envair Electrodyne 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															15.02	-111.60	-7.73	-5.20	-27.38

Envair Electrodyne ROCE % Calculation

Envair Electrodyne'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 )
	=	78.044	/	( ( (69.785 - 22.494)	+	(97.912 - 12.677) )	/ 2 )
	=	78.044	/	( (47.291	+	85.235)	/ 2 )
	=	78.044	/	66.263
	=	117.78 %

Envair Electrodyne'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 )
	=	-23.06	/	( ( (94.522 - 10.289)	+	(0 - 0) )	/ 1 )
	=	-23.06	/	( ( 84.233	+	0 )	/ 1 )
	=	-23.06	/	84.233
	=	-27.38 %

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

Envair Electrodyne (BOM:500246) 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.

Envair Electrodyne ROCE % Related Terms

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Envair Electrodyne (BOM:500246) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Envair Electrodyne Ltd (BOM:500246) » Definitions » ROCE %

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Address

21 Sasoon Road, Office No 123, Wing A Sohrab Hall, Pune, MH, IND, 411026

Website

http://www.envair.in

Envair Electrodyne Ltd is engaged in the manufacture and sale of clean air equipment and oil cleaners. The firm operates in a single segment namely Industrial Machinery. Its product profile includes Aero Sure, Pro-Clean, and Furnitech. The firm's product offerings include Air showers and Air Tunnels, Electrostatic Air Cleaners, Biosafety Cabinet, Air Curtains, Longevity, Fan Filter Unit, Electrostatic Oil Cleaner, ESD Workstations, Laboratory Furniture, Assembly Tables, and Laboratory Fume Hoods.

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