Bansal Roofing Products (BOM:538546) ROCE % : 15.55% (As of Dec. 2023)

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What is Bansal Roofing Products 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. Bansal Roofing Products's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.55%.

Bansal Roofing Products ROCE % Historical Data

The historical data trend for Bansal Roofing Products'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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Bansal Roofing Products ROCE % Chart

Bansal Roofing Products Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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23.97

22.52

18.73

25.11

22.32

Bansal Roofing Products Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															21.60	26.89	22.94	16.22	15.55

Bansal Roofing Products ROCE % Calculation

Bansal Roofing Products'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 )
	=	61.13	/	( ( (356.009 - 104.052)	+	(370.867 - 75.094) )	/ 2 )
	=	61.13	/	( (251.957	+	295.773)	/ 2 )
	=	61.13	/	273.865
	=	22.32 %

Bansal Roofing Products'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 )
	=	47.784	/	( ( (449.782 - 142.467)	+	(0 - 0) )	/ 1 )
	=	47.784	/	( ( 307.315	+	0 )	/ 1 )
	=	47.784	/	307.315
	=	15.55 %

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

Bansal Roofing Products (BOM:538546) 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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Bansal Roofing Products (BOM:538546) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bansal Roofing Products Ltd (BOM:538546) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

274/2, Samlaya Sherpura Road, Village: Pratapnagar, Taluka: Savli, Vadodara, GJ, IND, 391520

Website

http://www.bansalroofing.com

Bansal Roofing Products Ltd is an Indian company engaged in the trading, manufacturing, and supply of roofing products. The company's products and services include pre-engineered building; color coated roofing sheet, roof ventilation system, skylight sheets, Z AND C purlins, louvers, installation, and consultancy. It also provides pre-engineering buildings for use in various applications consisting of factories, workshops, commercial showrooms, warehouses, community halls. The company's principal source of revenue is through the sale of roofing products.

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