Triveni Engineering & Industries (BOM:532356) ROCE % : 28.25% (As of Mar. 2024)

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What is Triveni Engineering & Industries 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. Triveni Engineering & Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 28.25%.

Triveni Engineering & Industries ROCE % Historical Data

The historical data trend for Triveni Engineering & Industries'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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Triveni Engineering & Industries ROCE % Chart

Triveni Engineering & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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29.49

25.50

28.00

73.73

18.30

Triveni Engineering & Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															33.98	14.60	6.34	24.23	28.25

Triveni Engineering & Industries ROCE % Calculation

Triveni Engineering & Industries'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 )
	=	5844.9	/	( ( (44544.351 - 13896.588)	+	(51183.1 - 17943.4) )	/ 2 )
	=	5844.9	/	( (30647.763	+	33239.7)	/ 2 )
	=	5844.9	/	31943.7315
	=	18.30 %

Triveni Engineering & Industries'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 )
	=	9390	/	( ( (0 - 0)	+	(51183.1 - 17943.4) )	/ 1 )
	=	9390	/	( ( 0	+	33239.7 )	/ 1 )
	=	9390	/	33239.7
	=	28.25 %

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

Triveni Engineering & Industries (BOM:532356) 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.

Triveni Engineering & Industries ROCE % Related Terms

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Triveni Engineering & Industries (BOM:532356) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Triveni Engineering & Industries Ltd (BOM:532356) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TRIVENI:India

Address

Express Trade Towers, 8th Floor, Plot No. 15 - 16, Sector - 16A, Noida, UP, IND, 201301

Website

https://www.trivenigroup.com

Triveni Engineering & Industries Ltd is an India-based company engaged in the manufacturing of sugar. The company is engaged in diversified businesses mainly categorized into segments - Sugar and allied businesses; Engineering business and others. Sugar and allied businesses essentially comprises the manufacture of sugar, cogeneration, and distillery. The Engineering business primarily comprises Power Transmission manufacturing facilities at Mysuru and Water and Waste Water Treatment business operating from Noida, UP. The firm generates a majority of its revenue from the Sugar and allied business.

Triveni Engineering & Industries (BOM:532356) Headlines

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