Bharat Wire Ropes (BOM:539799) ROCE % : 16.64% (As of Mar. 2024)

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What is Bharat Wire Ropes 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. Bharat Wire Ropes's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.64%.

Bharat Wire Ropes ROCE % Historical Data

The historical data trend for Bharat Wire Ropes'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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Bharat Wire Ropes ROCE % Chart

Bharat Wire Ropes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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1.79

2.31

6.07

17.30

19.37

Bharat Wire Ropes 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															22.90	20.35	19.50	20.70	16.64

Bharat Wire Ropes ROCE % Calculation

Bharat Wire Ropes'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 )
	=	1435.365	/	( ( (7811.668 - 718.553)	+	(8170.176 - 440.58) )	/ 2 )
	=	1435.365	/	( (7093.115	+	7729.596)	/ 2 )
	=	1435.365	/	7411.3555
	=	19.37 %

Bharat Wire Ropes'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 )
	=	1286.248	/	( ( (0 - 0)	+	(8170.176 - 440.58) )	/ 1 )
	=	1286.248	/	( ( 0	+	7729.596 )	/ 1 )
	=	1286.248	/	7729.596
	=	16.64 %

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

Bharat Wire Ropes (BOM:539799) 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.

Bharat Wire Ropes ROCE % Related Terms

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Bharat Wire Ropes (BOM:539799) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bharat Wire Ropes Ltd (BOM:539799) » Definitions » ROCE %

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BHARATWIRE:India

Address

Senapati Bapat Marg, A-701, Trade World Building, Kamala Mills Compound, Lower Parel (West), Mumbai, MH, IND, 400013

Website

https://www.bharatwireropes.com

Bharat Wire Ropes Ltd manufactures steel wire ropes, wire strands, and wire rope slings. The company produces mechanically spliced slings, hand spliced slings, earth wires, stay wires, guy wires, and spiral strands. The company also produces general purpose ropes, fishing ropes, crane ropes, structural ropes, elevator ropes, mining ropes, oil and gas ropes and shipping ropes. The firm caters to different industries including oil and gas, mining, fishing, ports and marine, elevator, power, transmission, railways, construction, infrastructure, defense, crane manufacturers. The company serves clients around the world.

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