Nirmitee Robotics India (BOM:543194) ROCE % : -5.99% (As of Sep. 2023)

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What is Nirmitee Robotics 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. Nirmitee Robotics India's annualized ROCE % for the quarter that ended in Sep. 2023 was -5.99%.

Nirmitee Robotics India ROCE % Historical Data

The historical data trend for Nirmitee Robotics 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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Nirmitee Robotics India ROCE % Chart

Nirmitee Robotics India Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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12.51

19.31

10.83

10.04

15.73

Nirmitee Robotics India Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial							-15.43	35.69	8.59	22.50	-5.99

Nirmitee Robotics India ROCE % Calculation

Nirmitee Robotics 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 )
	=	8.49	/	( ( (50.947 - 5.29)	+	(82.589 - 20.31) )	/ 2 )
	=	8.49	/	( (45.657	+	62.279)	/ 2 )
	=	8.49	/	53.968
	=	15.73 %

Nirmitee Robotics India'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 )
	=	-3.7	/	( ( (82.589 - 20.31)	+	(73.839 - 12.661) )	/ 2 )
	=	-3.7	/	( ( 62.279	+	61.178 )	/ 2 )
	=	-3.7	/	61.7285
	=	-5.99 %

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

Nirmitee Robotics India (BOM:543194) 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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Nirmitee Robotics India (BOM:543194) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Nirmitee Robotics India Ltd (BOM:543194) » Definitions » ROCE %

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Address

Hingna, MIDC, D 3/2, Nagpur, MH, IND, 440028

Website

https://www.nirmiteerobotics.com

Nirmitee Robotics India Ltd is a tech-based company making robots using robotic technology. It provides HVAC Duct Cleaning and Ozone sterilization services with these robots. The company makes custom made robots operated by machines that clean the inside of HVAC Air Ducts - by scrubbing, polishing, sucking, scraping, and removal of the accumulated contaminants like dust, debris, bacteria, mold, and even dead pests and rodents and provides the Ozone treatment to the ducts from the inside and thus sanitizes it.

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