Tai Industries (BOM:519483) ROCE % : 1.69% (As of Mar. 2024)

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What is Tai Industries 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. Tai Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.69%.

Tai Industries ROCE % Historical Data

The historical data trend for Tai Industries'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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Tai Industries ROCE % Chart

Tai Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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1.37

45.34

28.11

24.80

4.70

Tai Industries 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															10.29	1.43	14.02	1.62	1.69

Tai Industries ROCE % Calculation

Tai Industries'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 )
	=	13.49	/	( ( (819.944 - 543.683)	+	(715.149 - 416.888) )	/ 2 )
	=	13.49	/	( (276.261	+	298.261)	/ 2 )
	=	13.49	/	287.261
	=	4.70 %

Tai Industries'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 )
	=	5.032	/	( ( (0 - 0)	+	(715.149 - 416.888) )	/ 1 )
	=	5.032	/	( ( 0	+	298.261 )	/ 1 )
	=	5.032	/	298.261
	=	1.69 %

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

Tai Industries (BOM:519483) 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.

Tai Industries ROCE % Related Terms

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Tai Industries (BOM:519483) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Tai Industries Ltd (BOM:519483) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

53A, Mirza Ghalib Street, 3rd Floor, Kolkata, WB, IND, 700 016

Website

https://www.taiind.com

Tai Industries Ltd is an India-based trading organization. It is involved in the marketing and distribution, in India, of DRUK brand of fruit products such as Squashes, Jams, Fruit juices, Pickles, and Sauces. In addition, it is also engaged in trading and marketing of industrial and mineral products and raw materials such as Calcium carbide, Charcoal, Manganese ore, and Others.

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