Welcast Steels (BOM:504988) ROCE % : 17.69% (As of Mar. 2024)

View and export this data going back to 1991. Start your Free Trial

What is Welcast Steels 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. Welcast Steels's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.69%.

Welcast Steels ROCE % Historical Data

The historical data trend for Welcast Steels'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.

* Premium members only.

Welcast Steels ROCE % Chart

Welcast Steels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

0.80

-3.21

-1.07

11.48

18.59

Welcast Steels 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															-4.74	-14.99	31.12	17.08	17.69

Welcast Steels ROCE % Calculation

Welcast Steels'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 )
	=	71.136	/	( ( (462.056 - 104.116)	+	(498.147 - 90.57) )	/ 2 )
	=	71.136	/	( (357.94	+	407.577)	/ 2 )
	=	71.136	/	382.7585
	=	18.59 %

Welcast Steels'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 )
	=	72.1	/	( ( (0 - 0)	+	(498.147 - 90.57) )	/ 1 )
	=	72.1	/	( ( 0	+	407.577 )	/ 1 )
	=	72.1	/	407.577
	=	17.69 %

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

Welcast Steels (BOM:504988) 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.

Welcast Steels ROCE % Related Terms

Thank you for viewing the detailed overview of Welcast Steels's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Welcast Steels (BOM:504988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Welcast Steels Ltd (BOM:504988) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 15, Phase I, Peenya Industrial Area, Banglore, KA, IND, 560 058

Website

http://www.welcaststeels.com

Welcast Steels Ltd is engaged in the manufacturing and marketing of chrome grinding media balls. The company products are used in Cement and Mining Industry. It exports its products to other countries like USA, U.A.E., Japan, Australia, Thailand, Sri Lanka, UK, Bangladesh, Indonesia, Oman, Qatar, Philippines, Slovakia, Hong Kong, Canada, Bulgaria, and Vietnam. The company primarily operates in only one segment namely the manufacturing of High Chrome Grinding Media Balls.

Welcast Steels (BOM:504988) Headlines

No Headlines