Hindustan Zinc (BOM:500188) ROCE % : 51.79% (As of Mar. 2024)

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What is Hindustan Zinc 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. Hindustan Zinc's annualized ROCE % for the quarter that ended in Mar. 2024 was 51.79%.

Hindustan Zinc ROCE % Historical Data

The historical data trend for Hindustan Zinc'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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Hindustan Zinc ROCE % Chart

Hindustan Zinc Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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22.20

27.51

37.59

55.21

54.85

Hindustan Zinc 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															81.74	62.80	47.22	54.20	51.79

Hindustan Zinc ROCE % Calculation

Hindustan Zinc'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 )
	=	112620	/	( ( (354670 - 174530)	+	(338950 - 108410) )	/ 2 )
	=	112620	/	( (180140	+	230540)	/ 2 )
	=	112620	/	205340
	=	54.85 %

Hindustan Zinc'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 )
	=	119400	/	( ( (0 - 0)	+	(338950 - 108410) )	/ 1 )
	=	119400	/	( ( 0	+	230540 )	/ 1 )
	=	119400	/	230540
	=	51.79 %

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

Hindustan Zinc (BOM:500188) 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.

Hindustan Zinc ROCE % Related Terms

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Hindustan Zinc (BOM:500188) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hindustan Zinc Ltd (BOM:500188) » Definitions » ROCE %

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HINDZINC:India

Address

Yashad Bhavan, Udaipur, RJ, IND, 313004

Website

https://www.hzlindia.com

Hindustan Zinc Ltd is engaged in exploring, extracting, processing minerals, and manufacturing metals. The company is focused on mining and smelting zinc, Lead, and silver and also power generation through captive power plants and wind power plants. The company produces products under the brand name HZL and Vedanta. The segments of the company include Zinc, Lead, Silver, and others; and Wind energy. The company generates the majority of its revenues through Zinc, Lead, silver, and other segments. The company has a business presence in India, Asia, and the Rest of the World of which India derives a majority of the revenue.

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