Hardwyn India (BOM:541276) ROCE % : 6.93% (As of Dec. 2023)

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What is Hardwyn India 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. Hardwyn India's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.93%.

Hardwyn India ROCE % Historical Data

The historical data trend for Hardwyn India'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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Hardwyn India ROCE % Chart

Hardwyn India Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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2.58

4.37

20.48

37.99

7.12

Hardwyn India Quarterly Data
	Sep17	Jan18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												108.81	6.29	1.83	2.40	6.93

Hardwyn India ROCE % Calculation

Hardwyn India'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 )
	=	139.715	/	( ( (570.352 - 416.884)	+	(4181.197 - 409.415) )	/ 2 )
	=	139.715	/	( (153.468	+	3771.782)	/ 2 )
	=	139.715	/	1962.625
	=	7.12 %

Hardwyn India'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 )
	=	263.312	/	( ( (4274.793 - 476.768)	+	(0 - 0) )	/ 1 )
	=	263.312	/	( ( 3798.025	+	0 )	/ 1 )
	=	263.312	/	3798.025
	=	6.93 %

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

Hardwyn India (BOM:541276) 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.

Hardwyn India ROCE % Related Terms

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Hardwyn India (BOM:541276) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hardwyn India Ltd (BOM:541276) » Definitions » ROCE %

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HARDWYN:India

Address

Mayapuri Industrial Area, B-101, Phase-1, South West Delhi, New Delhi, IND, 110064

Website

https://www.hardwyn.com

Hardwyn India Ltd is engaged in the trading business of aluminium products including manufacturing architectural hardware and glass fittings. It provides a complete solution to residential and commercial structures. Its product range includes Door Hardware, Kitchen Hardware, Glass Hardware, and Furniture Hardware.

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