Grindwell Norton (BOM:506076) ROCE % : 25.47% (As of Dec. 2023)

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What is Grindwell Norton 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. Grindwell Norton's annualized ROCE % for the quarter that ended in Dec. 2023 was 25.47%.

Grindwell Norton ROCE % Historical Data

The historical data trend for Grindwell Norton'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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Grindwell Norton ROCE % Chart

Grindwell Norton Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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23.69

20.48

23.91

26.14

28.00

Grindwell Norton 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															26.39	28.42	27.94	28.11	25.47

Grindwell Norton ROCE % Calculation

Grindwell Norton'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 )
	=	4936.967	/	( ( (21193.221 - 4884.58)	+	(24117.859 - 5156.507) )	/ 2 )
	=	4936.967	/	( (16308.641	+	18961.352)	/ 2 )
	=	4936.967	/	17634.9965
	=	28.00 %

Grindwell Norton'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 )
	=	4972.4	/	( ( (25406.2 - 5881.7)	+	(0 - 0) )	/ 1 )
	=	4972.4	/	( ( 19524.5	+	0 )	/ 1 )
	=	4972.4	/	19524.5
	=	25.47 %

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

Grindwell Norton (BOM:506076) 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.

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Grindwell Norton (BOM:506076) Business Description

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GRINDWELL:India

Address

Andheri-Kurla Road, Leela Business Park, 5th Level, Marol, Andheri (East), Mumbai, MH, IND, 400 059

Website

https://www.grindwellnorton.co.in

Grindwell Norton Ltd is a company that produces abrasives and ceramics products. The company's businesses are divided into major segments: Abrasives, Ceramics and Plastics, Digital Services and Others. The company manufactures various types of abrasives, which include bonded, coated, non-woven, construction, thin wheels, and super abrasives. Grindwell's Ceramics and Plastics division produces silicon carbide, high-temperature refractories, and fused cast ceramics. The silicon carbide products serve as raw materials that are used to create abrasives, and the company's refractories are structures used for processing both ferrous and non-ferrous metals. The company generates the vast majority of its revenue in India..

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