Duncan Engineering (BOM:504908) ROCE % : 19.74% (As of Mar. 2024)

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What is Duncan Engineering 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. Duncan Engineering's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.74%.

Duncan Engineering ROCE % Historical Data

The historical data trend for Duncan Engineering'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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Duncan Engineering ROCE % Chart

Duncan Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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17.02

14.23

25.10

30.46

18.15

Duncan Engineering Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															26.59	24.23	17.71	13.15	19.74

Duncan Engineering ROCE % Calculation

Duncan Engineering'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 )
	=	93.364	/	( ( (631.505 - 150.52)	+	(684.87 - 137.059) )	/ 2 )
	=	93.364	/	( (480.985	+	547.811)	/ 2 )
	=	93.364	/	514.398
	=	18.15 %

Duncan Engineering'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 )
	=	108.12	/	( ( (0 - 0)	+	(684.87 - 137.059) )	/ 1 )
	=	108.12	/	( ( 0	+	547.811 )	/ 1 )
	=	108.12	/	547.811
	=	19.74 %

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

Duncan Engineering (BOM:504908) 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.

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Duncan Engineering (BOM:504908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Duncan Engineering Ltd (BOM:504908) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

F-33, MIDC, Ranjangaon, Koregoan, Shirur, Pune, MH, IND, 412 220

Website

https://www.duncanengg.com

Duncan Engineering Ltd is engaged in the manufacturing and assembling of fluid power and automation products. Its business segment is Fluid power automation, Automotive Tyres Valves and Accessories. The products offered by the group are Hydraulic cylinders, Pneumatic valves. Air cylinders, Rotary Actuator, Limit switch box, Control panels and others. The company has a business presence in India and Outside India. The majority of the revenue is generated from India.

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