Hindustan Copper (BOM:513599) ROCE % : 13.83% (As of Dec. 2023)

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What is Hindustan Copper 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. Hindustan Copper's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.83%.

Hindustan Copper ROCE % Historical Data

The historical data trend for Hindustan Copper'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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Hindustan Copper ROCE % Chart

Hindustan Copper Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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11.87

-25.93

5.61

18.90

18.69

Hindustan Copper 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															22.00	31.31	12.28	13.84	13.83

Hindustan Copper ROCE % Calculation

Hindustan Copper'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 )
	=	4032.043	/	( ( (29545.501 - 7964.364)	+	(29852.715 - 8297.535) )	/ 2 )
	=	4032.043	/	( (21581.137	+	21555.18)	/ 2 )
	=	4032.043	/	21568.1585
	=	18.69 %

Hindustan Copper'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 )
	=	3465.6	/	( ( (32643.5 - 7583.1)	+	(0 - 0) )	/ 1 )
	=	3465.6	/	( ( 25060.4	+	0 )	/ 1 )
	=	3465.6	/	25060.4
	=	13.83 %

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

Hindustan Copper (BOM:513599) 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.

Hindustan Copper ROCE % Related Terms

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Hindustan Copper (BOM:513599) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hindustan Copper Ltd (BOM:513599) » Definitions » ROCE %

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HINDCOPPER:India

Address

1, Ashutosh Chowdhury Avenue, Tamara Bhavan, Kolkata, WB, IND, 700 019

Website

https://www.hindustancopper.com

Hindustan Copper Ltd is a copper production company. It is engaged in the exploration, exploitation, and mining of copper and copper ore including beneficiation of minerals, smelting, and refining. Geographically, it operates only in India. The company product portfolio includes Continuous cast copper wire rods, copper cathodes, Copper sulphate, sulphuric acid, Anode slime, and others. The company is primarily engaged in the business of manufacturing and sale of copper products.

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