HBL Power Systems (BOM:517271) ROCE % : 37.26% (As of Dec. 2023)

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What is HBL Power Systems 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. HBL Power Systems's annualized ROCE % for the quarter that ended in Dec. 2023 was 37.26%.

HBL Power Systems ROCE % Historical Data

The historical data trend for HBL Power Systems'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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HBL Power Systems ROCE % Chart

HBL Power Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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8.44

7.04

3.49

14.63

14.08

HBL Power Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															14.80	15.54	28.22	33.45	37.26

HBL Power Systems ROCE % Calculation

HBL Power Systems's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	1354.827	/	( ( (11326.113 - 2163.501)	+	(12941.83 - 2858.133) )	/ 2 )
	=	1354.827	/	( (9162.612	+	10083.697)	/ 2 )
	=	1354.827	/	9623.1545
	=	14.08 %

HBL Power Systems's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	4191.828	/	( ( (15516.234 - 4264.941)	+	(0 - 0) )	/ 1 )
	=	4191.828	/	( ( 11251.293	+	0 )	/ 1 )
	=	4191.828	/	11251.293
	=	37.26 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

HBL Power Systems (BOM:517271) 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.

HBL Power Systems ROCE % Related Terms

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HBL Power Systems (BOM:517271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » HBL Power Systems Ltd (BOM:517271) » Definitions » ROCE %

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HBLPOWER:India

Address

Road No. 10, Door No. 8-2-616, Plot No. 4, Banjara Hills, Behind Minerva Grand Hotel, Hyderabad, TG, IND, 500 034

Website

https://www.hbl.in

HBL Power Systems Ltd is engaged in the designing, developing, and manufacturing of different types of Batteries including Lead Acid, NiCad, Silver Zinc, Lithium; Railway and Defence Electronics, Solar Photovoltaic Modules, and other products. The Company operates its business under three segments namely industrial batteries, Defence & Aviation, and Electronics. The company has a presence in America, Europe, and the Middle East. It generates a vast majority of the revenues from the batteries segment within India.

HBL Power Systems (BOM:517271) Headlines

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