Techprecision (Techprecision) ROCE % : -17.90% (As of Dec. 2023)

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What is Techprecision 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. Techprecision's annualized ROCE % for the quarter that ended in Dec. 2023 was -17.90%.

Techprecision ROCE % Historical Data

The historical data trend for Techprecision'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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Techprecision ROCE % Chart

Techprecision Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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14.84

-0.95

5.41

-1.52

-1.65

Techprecision Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															4.08	-10.31	-8.68	-9.07	-17.90

Techprecision ROCE % Calculation

Techprecision'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 )
	=	-0.428	/	( ( (37.853 - 13.315)	+	(36.208 - 9.021) )	/ 2 )
	=	-0.428	/	( (24.538	+	27.187)	/ 2 )
	=	-0.428	/	25.8625
	=	-1.65 %

Techprecision'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 )
	=	-3.984	/	( ( (37.976 - 15.254)	+	(38.445 - 16.641) )	/ 2 )
	=	-3.984	/	( ( 22.722	+	21.804 )	/ 2 )
	=	-3.984	/	22.263
	=	-17.90 %

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

Techprecision (NAS:TPCS) 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.

Techprecision ROCE % Related Terms

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Techprecision (Techprecision) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Techprecision Corp (NAS:TPCS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Bella Drive, Westminster, MA, USA, 01473

Website

https://www.techprecision.com

Techprecision Corp manufactures metal fabricated and machined precision components and systems. It offers a full range of services required to transform raw materials into precision finished products. The company's products are used in markets including defense, aerospace, nuclear, medical, and precision industries. All of its operations and customers are located in the United States.

Executives

Barbara M. Lilley	officer: Chief Financial Officer	C/O TECHPRECISION CORPORATION, 1 BELLA DRIVE, WESTMINISTER MA 01473
Andrew A Levy	director	46 BALDWIN FARM NORTH, GREENWHICH CT 06831
Walter Milton Schenker	director	1130 ROUTE 46, SUITE 22, PARSIPPANY NJ 07054
Thomas Sammons	officer: Chief Financial Officer	C/O TECHPRECISION CORPORATION, 992 OLD EAGLE SCHOOL ROAD, SUITE 909, WAYNE PA 19087
Alexander Shen	officer: Chief Executive Officer	C/O TECHPRECISION CORPORATION, 3477 CORPORATE PARKWAY, CENTER VALLEY PA 18034
Robert A Crisafulli	director	1 BELLA DRIVE, WESTMINSTER PA 01473
Richard Mcgowan	director	C/O CLEVELAND BIOLABS, INC., 73 HIGH STREET, BUFFALO NY 14203
Philip A Dur	director	1600 TECHNOLOGY WAY, P.O. BOX 231, LATROBE PA 15650
Robert G Isaman	director	C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
Robert Francis	other: President & GM of Ranor, Inc.	C/O TECHPRECISION CORPORATION, 3477 CORPORATE PARKWAY, CENTER VALLEY PA 18034
Leonard M Anthony	director	MRC GLOBAL INC., 2 HOUSTON CENTER, 909 FANNIN, SUITE 3100, HOUSTON TX 77010
James S Molinaro	director, officer: Chief Executive Officer	6330 WEGEWOOD DR, ALLENTOWN PA 18106
Richard F Fitzgerald	officer: Chief Financial Officer	C/O TECHPRECISION CORPORATION, ONE BELLA DRIVE, WESTMINSTER MA 01473
Michael R Holly	director	1729 SWEDESFORD ROAD, MALVERN PA 19355
Louis A Winoski	director	C/O TECHPRECISION CORPORATION, ONE BELLA DRIVE, WESTMINSTER MA 01473