Bhagyanagar India (BOM:512296) ROCE % : 12.22% (As of Mar. 2024)

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What is Bhagyanagar 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. Bhagyanagar India's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.22%.

Bhagyanagar India ROCE % Historical Data

The historical data trend for Bhagyanagar 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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Bhagyanagar India ROCE % Chart

Bhagyanagar India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.16

8.47

14.19

15.16

30.09

Bhagyanagar India 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															26.56	92.16	11.84	12.98	12.22

Bhagyanagar India ROCE % Calculation

Bhagyanagar 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 )
	=	692.825	/	( ( (4241.722 - 2173.36)	+	(3335.53 - 799.382) )	/ 2 )
	=	692.825	/	( (2068.362	+	2536.148)	/ 2 )
	=	692.825	/	2302.255
	=	30.09 %

Bhagyanagar India'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 )
	=	310.024	/	( ( (0 - 0)	+	(3335.53 - 799.382) )	/ 1 )
	=	310.024	/	( ( 0	+	2536.148 )	/ 1 )
	=	310.024	/	2536.148
	=	12.22 %

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

Bhagyanagar India (BOM:512296) 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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Bhagyanagar India (BOM:512296) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bhagyanagar India Ltd (BOM:512296) » Definitions » ROCE %

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BHAGYANGR:India

Address

Plot No. 9/13/1 & P-9/14, I.D.A. Nacharam, Hyderabad, TG, IND, 500076

Website

http://www.bhagyanagarindia.com

Bhagyanagar India Ltd is an Indian company engaged in the manufacturing of copper products. It operates through the segments of Copper Products and Wind Power. The Copper products segment deals in the manufacturing of various products such as Copper rods, Strips, Pipes, Busbars, and Sheets, among others. The Wind Power segment is engaged in the generation of wind power energy. The majority of the firm's revenue is generated by the Copper products segment. Geographically, it operates in India.

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