Remi Edelstahl Tubulars (BOM:513043) ROCE % : 3.43% (As of Dec. 2023)

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What is Remi Edelstahl Tubulars 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. Remi Edelstahl Tubulars's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.43%.

Remi Edelstahl Tubulars ROCE % Historical Data

The historical data trend for Remi Edelstahl Tubulars'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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Remi Edelstahl Tubulars ROCE % Chart

Remi Edelstahl Tubulars Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.83

4.94

2.54

5.59

3.59

Remi Edelstahl Tubulars 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															-0.29	9.11	-5.86	7.93	3.43

Remi Edelstahl Tubulars ROCE % Calculation

Remi Edelstahl Tubulars'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 )
	=	21.386	/	( ( (919.591 - 277.97)	+	(834.481 - 285.017) )	/ 2 )
	=	21.386	/	( (641.621	+	549.464)	/ 2 )
	=	21.386	/	595.5425
	=	3.59 %

Remi Edelstahl Tubulars'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 )
	=	19.388	/	( ( (854.135 - 289.299)	+	(0 - 0) )	/ 1 )
	=	19.388	/	( ( 564.836	+	0 )	/ 1 )
	=	19.388	/	564.836
	=	3.43 %

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

Remi Edelstahl Tubulars (BOM:513043) 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.

Remi Edelstahl Tubulars ROCE % Related Terms

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Remi Edelstahl Tubulars (BOM:513043) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Remi Edelstahl Tubulars Ltd (BOM:513043) » Definitions » ROCE %

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Address

Walbhat Road, Plot No. 11, Remi House, 11 Cama Industrial Estate, Goregaon (East), Mumbai, MH, IND, 400 063

Website

http://www.remigroup.com

Remi Edelstahl Tubulars Ltd is engaged in the business of manufacturing Stainless Steel Pipes and Tubes. In addition, it is also involved in the sale of wind power and Stainless steel goods. The company caters to both domestic and international markets, of which key revenue is derived from the sales made in India.

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