Esab India (BOM:500133) ROCE % : 75.80% (As of Mar. 2024)

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What is Esab India 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. Esab India's annualized ROCE % for the quarter that ended in Mar. 2024 was 75.80%.

Esab India ROCE % Historical Data

The historical data trend for Esab India'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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Esab India ROCE % Chart

Esab India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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31.78

26.50

44.06

70.10

75.06

Esab India 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															83.68	84.28	65.18	64.02	75.80

Esab India ROCE % Calculation

Esab India'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 )
	=	2203.8	/	( ( (4740.1 - 2036.4)	+	(5509.9 - 2341.6) )	/ 2 )
	=	2203.8	/	( (2703.7	+	3168.3)	/ 2 )
	=	2203.8	/	2936
	=	75.06 %

Esab India'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 )
	=	2401.6	/	( ( (0 - 0)	+	(5509.9 - 2341.6) )	/ 1 )
	=	2401.6	/	( ( 0	+	3168.3 )	/ 1 )
	=	2401.6	/	3168.3
	=	75.80 %

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

Esab India (BOM:500133) 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.

Esab India ROCE % Related Terms

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Esab India (BOM:500133) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Esab India Ltd (BOM:500133) » Definitions » ROCE %

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ESABINDIA:India

Address

Plot No.13, 3rd Main Road, Industrial Estate, Ambattur, Chennai, TN, IND, 600 058

Website

http://www.esabindia.com

Esab India Ltd is engaged in the production of welding and cutting equipment and consumables. The company focuses on areas such as Manual welding and cutting equipment, Welding Consumables, Welding automation, Mechanized cutting systems and others. It operates in the segment of fabrication technology. This includes manufacturing and selling of welding, cutting and allied products and also provides engineering, support and consulting services. It serves industries like Automotive, General fabrication and civil construction, Pipelines, Pipe mills, Power generation, Process industry, Repair and maintenance, Shipbuilding and offshore and Transport and mobile machinery industries. The company's brand includes ESAB, Exaton, Gasarc, Murex, Victor, Thermal Dynamics, Tweco.

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