Eureka Forbes (BOM:543482) ROCE % : 2.01% (As of Mar. 2024)

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What is Eureka Forbes 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. Eureka Forbes's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.01%.

Eureka Forbes ROCE % Historical Data

The historical data trend for Eureka Forbes'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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Eureka Forbes ROCE % Chart

Eureka Forbes Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-24.10

-146.74

0.45

1.16

2.70

Eureka Forbes Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										2.72	3.08	3.18	2.53	2.01

Eureka Forbes ROCE % Calculation

Eureka Forbes'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 )
	=	1382.482	/	( ( (60305.577 - 9550.352)	+	(61293.962 - 9518.169) )	/ 2 )
	=	1382.482	/	( (50755.225	+	51775.793)	/ 2 )
	=	1382.482	/	51265.509
	=	2.70 %

Eureka Forbes'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 )
	=	1040.94	/	( ( (0 - 0)	+	(61293.962 - 9518.169) )	/ 1 )
	=	1040.94	/	( ( 0	+	51775.793 )	/ 1 )
	=	1040.94	/	51775.793
	=	2.01 %

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

Eureka Forbes (BOM:543482) 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.

Eureka Forbes ROCE % Related Terms

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Eureka Forbes (BOM:543482) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eureka Forbes Ltd (BOM:543482) » Definitions » ROCE %

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Address

Marathon Innova, B1/B2, 701, 7th Floor, Off Ganpatrao Kadam Marg, Lower Parel, Mumbai, MH, IND, 400 013

Website

https://www.eurekaforbes.com

Eureka Forbes Ltd is a manufacturer of home appliances. the company has 4 business segments; Water; It offers electric, nonelectric and on-the-go water purifiers. Cleaning; vacuum cleaners, and cleaning solutions. Air; air purifiers and Services; offering after-sales services.

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