TIL (BOM:505196) ROCE % : 294.24% (As of Mar. 2024)

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What is TIL 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. TIL's annualized ROCE % for the quarter that ended in Mar. 2024 was 294.24%.

TIL ROCE % Historical Data

The historical data trend for TIL'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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TIL ROCE % Chart

TIL Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-0.53

-10.46

-220.44

2,660.90

TIL 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															-	-	-	-	294.24

TIL ROCE % Calculation

TIL'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 )
	=	2215.2	/	( ( (3502.2 - 4763.9)	+	(4136.5 - 2708.3) )	/ 2 )
	=	2215.2	/	( (-1261.7	+	1428.2)	/ 2 )
	=	2215.2	/	83.25
	=	2,660.90 %

TIL'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 )
	=	4202.4	/	( ( (0 - 0)	+	(4136.5 - 2708.3) )	/ 1 )
	=	4202.4	/	( ( 0	+	1428.2 )	/ 1 )
	=	4202.4	/	1428.2
	=	294.24 %

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

TIL (BOM:505196) 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.

TIL ROCE % Related Terms

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TIL (BOM:505196) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » TIL Ltd (BOM:505196) » Definitions » ROCE %

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TIL:India

Address

1, Taratolla Road, Garden Reach, Kolkata, WB, IND, 700024

Website

https://www.tilindia.in

TIL Ltd is an India based company engaged in providing customized designs manufactures and markets a comprehensive range of material handling, lifting, port equipment, road building solutions, with integrated customer support and after-sales service. The company operates in only Material handling solutions segment which comprises of manufacturing and marketing of various materials handling equipment such as mobile cranes, port equipment, self-loading truck cranes and road construction equipment as well as dealing in spares and providing services to related equipment. Geographically, the group has a business presence in India and Outside India of which key revenue is earned within the Indian market.

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