NLC India (NSE:NLCINDIA) ROCE % : 3.11% (As of Mar. 2024)

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What is NLC 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. NLC India's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.11%.

NLC India ROCE % Historical Data

The historical data trend for NLC 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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NLC India ROCE % Chart

NLC India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.58

8.42

8.15

6.87

8.05

NLC India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-3.92	12.89	16.64	5.26	3.11

NLC India ROCE % Calculation

NLC India's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	37309.4	/	( ( (530677 - 72396.8)	+	(549418.1 - 80485.5) )	/ 2 )
	=	37309.4	/	( (458280.2	+	468932.6)	/ 2 )
	=	37309.4	/	463606.4
	=	8.05 %

NLC India's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	14584	/	( ( (0 - 0)	+	(549418.1 - 80485.5) )	/ 1 )
	=	14584	/	( ( 0	+	468932.6 )	/ 1 )
	=	14584	/	468932.6
	=	3.11 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

NLC India (NSE:NLCINDIA) 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.

NLC India ROCE % Related Terms

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NLC India (NSE:NLCINDIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » NLC India Ltd (NSE:NLCINDIA) » Definitions » ROCE %

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513683:India

Address

Block - 1, Neyveli, Neyveli, Cuddalore, TN, IND, 607801

Website

https://www.nlcindia.in

NLC India Ltd is an energy company. The company has two reportable segments namely the Mining segment which is engaged in the mining of lignite and the Power generation segment which is engaged in the generation and sale of power utilities across the country. The power is generated from Thermal Power Stations and renewable energy sources such as wind and solar. It generates maximum revenue from the Power generation segment. It also engaged in providing consultancy and management services relating to mining and power generation.

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