Hind Aluminium Industries (BOM:531979) ROCE % : 37.43% (As of Dec. 2023)

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What is Hind Aluminium 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. Hind Aluminium Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 37.43%.

Hind Aluminium Industries ROCE % Historical Data

The historical data trend for Hind Aluminium 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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Hind Aluminium Industries ROCE % Chart

Hind Aluminium Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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12.68

-5.96

-18.55

-5.57

-6.73

Hind Aluminium Industries 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															-17.52	-108.90	45.01	-1.30	37.43

Hind Aluminium Industries ROCE % Calculation

Hind Aluminium Industries'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 )
	=	-40.314	/	( ( (792.319 - 206.239)	+	(670.686 - 58.329) )	/ 2 )
	=	-40.314	/	( (586.08	+	612.357)	/ 2 )
	=	-40.314	/	599.2185
	=	-6.73 %

Hind Aluminium Industries'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 )
	=	311.2	/	( ( (839.3 - 7.8)	+	(0 - 0) )	/ 1 )
	=	311.2	/	( ( 831.5	+	0 )	/ 1 )
	=	311.2	/	831.5
	=	37.43 %

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

Hind Aluminium Industries (BOM:531979) 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.

Hind Aluminium Industries ROCE % Related Terms

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Hind Aluminium Industries (BOM:531979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hind Aluminium Industries Ltd (BOM:531979) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Dr. Annie Besant Road, B-1, Tulsi Vihar, Worli Naka, Mumbai, IND, 400 018

Website

http://www.associatedgroup.com

Hind Aluminium Industries Ltd is the manufacturer of aluminium electrical conductor wire rods and aluminium conductors. Principally, it is engaged in product up-gradation, design, and new product development. The company's segment includes Aluminium product, and Power. It also comprises of two businesses namely aluminium and wind and solar power generation. The company manufactures aluminum wire rods, alloy rods, all aluminum conductors, all aluminum alloy conductors, aluminum conductor alloy reinforced, aluminum conductor steel reinforced, aluminum alloy conductor steel reinforced. It has over two wind turbine generators and four solar power plants in India.

Hind Aluminium Industries (BOM:531979) Headlines

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