Ratnamani Metals & Tubes (BOM:520111) ROCE % : 30.36% (As of Mar. 2024)

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What is Ratnamani Metals & Tubes 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. Ratnamani Metals & Tubes's annualized ROCE % for the quarter that ended in Mar. 2024 was 30.36%.

Ratnamani Metals & Tubes ROCE % Historical Data

The historical data trend for Ratnamani Metals & Tubes'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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Ratnamani Metals & Tubes ROCE % Chart

Ratnamani Metals & Tubes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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24.17

18.64

19.54

27.26

27.54

Ratnamani Metals & Tubes 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															38.62	26.10	29.55	24.31	30.36

Ratnamani Metals & Tubes ROCE % Calculation

Ratnamani Metals & Tubes'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 )
	=	8727.957	/	( ( (37802.829 - 8607.607)	+	(40198.327 - 6000.421) )	/ 2 )
	=	8727.957	/	( (29195.222	+	34197.906)	/ 2 )
	=	8727.957	/	31696.564
	=	27.54 %

Ratnamani Metals & Tubes'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 )
	=	10380.8	/	( ( (0 - 0)	+	(40198.327 - 6000.421) )	/ 1 )
	=	10380.8	/	( ( 0	+	34197.906 )	/ 1 )
	=	10380.8	/	34197.906
	=	30.36 %

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

Ratnamani Metals & Tubes (BOM:520111) 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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Ratnamani Metals & Tubes (BOM:520111) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ratnamani Metals & Tubes Ltd (BOM:520111) » Definitions » ROCE %

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RATNAMANI:India

Address

The First Avenue Road, Off 132 Ft Ring Road, The First, A & B Wing, 9th Floor, Behind Keshav Baug Party Plot, Vastrapur, Ahmedabad, GJ, IND, 380015

Website

https://www.ratnamani.com

Ratnamani Metals & Tubes Ltd is a manufacturer of stainless steel pipes, tubes, and carbon steel pipes. The company's product mix consists of stainless steel tubes and pipes, carbon steel pipes, and external and internal coating solutions. It operates in the Steel Tubes and Pipes segment. The company's end market by revenue is India. The firm's manufacturing facilities are located in Kutch, Indrad, and Chhatral in the state of Gujarat.

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