Creative Castings (BOM:539527) ROCE % : 22.86% (As of Mar. 2024)

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What is Creative Castings 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. Creative Castings's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.86%.

Creative Castings ROCE % Historical Data

The historical data trend for Creative Castings'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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Creative Castings ROCE % Chart

Creative Castings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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14.62

13.60

13.64

19.12

17.39

Creative Castings 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															19.89	14.51	15.70	17.22	22.86

Creative Castings ROCE % Calculation

Creative Castings'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 )
	=	65.579	/	( ( (421.45 - 64.414)	+	(454.158 - 56.883) )	/ 2 )
	=	65.579	/	( (357.036	+	397.275)	/ 2 )
	=	65.579	/	377.1555
	=	17.39 %

Creative Castings'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 )
	=	90.804	/	( ( (0 - 0)	+	(454.158 - 56.883) )	/ 1 )
	=	90.804	/	( ( 0	+	397.275 )	/ 1 )
	=	90.804	/	397.275
	=	22.86 %

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

Creative Castings (BOM:539527) 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.

Creative Castings ROCE % Related Terms

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Creative Castings (BOM:539527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Creative Castings Ltd (BOM:539527) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Rajkot Road, 102, GIDC Estates, Phase - II, Dolatpara, Junagadh, GJ, IND, 362003

Website

https://www.creative-cast.com

Creative Castings Ltd is engaged in manufacturing and exporting steel and alloy steel investment casting. The company manufactures both ferrous and non-ferrous castings. It is also engaged in generating power from wind energy. The company's operating segment includes Investment Castings and Power. It derives maximum revenue from the Investment Castings segment. Geographically, it generates a majority of revenue from Overseas. The company serves pumps and valve industries, oil and refineries, general engineering, electrical engineering, fire control equipment, medical implants, agricultural machinery, defense industries, etc.

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