Gleam Fabmat (BOM:542477) ROCE % : -1.03% (As of Sep. 2023)

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What is Gleam Fabmat 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. Gleam Fabmat's annualized ROCE % for the quarter that ended in Sep. 2023 was -1.03%.

Gleam Fabmat ROCE % Historical Data

The historical data trend for Gleam Fabmat'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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Gleam Fabmat ROCE % Chart

Gleam Fabmat Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

3.13

1.11

0.02

-0.08

-0.35

Gleam Fabmat Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial						0.37	-0.54	-0.13	-0.58	-1.03

Gleam Fabmat ROCE % Calculation

Gleam Fabmat'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 )
	=	-0.452	/	( ( (204.055 - 76.126)	+	(197.794 - 70.452) )	/ 2 )
	=	-0.452	/	( (127.929	+	127.342)	/ 2 )
	=	-0.452	/	127.6355
	=	-0.35 %

Gleam Fabmat's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-1.312	/	( ( (197.794 - 70.452)	+	(198.557 - 71.869) )	/ 2 )
	=	-1.312	/	( ( 127.342	+	126.688 )	/ 2 )
	=	-1.312	/	127.015
	=	-1.03 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Gleam Fabmat (BOM:542477) 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.

Gleam Fabmat ROCE % Related Terms

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Gleam Fabmat (BOM:542477) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gleam Fabmat Ltd (BOM:542477) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Prahladnagar Trade Center Radio Mirchi Road, D-1209, Vejalpur, Ahmedabad, GJ, IND, 380051

Website

http://www.gflaluminum.in

Gleam Fabmat Ltd is engaged in two primary businesses Segment Trading in aluminum and allied metal products and Trading in textiles products Trading in aluminum and allied metal products have a major contribution towards total Revenue.

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