Yuken India (BOM:522108) ROCE % : 13.48% (As of Dec. 2023)

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What is Yuken 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. Yuken India's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.48%.

Yuken India ROCE % Historical Data

The historical data trend for Yuken 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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Yuken India ROCE % Chart

Yuken India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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110.94

5.38

7.48

13.14

11.70

Yuken India 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															13.04	8.98	10.22	9.20	13.48

Yuken India ROCE % Calculation

Yuken India'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 )
	=	258.149	/	( ( (4823.241 - 2673.077)	+	(4408.89 - 2145.678) )	/ 2 )
	=	258.149	/	( (2150.164	+	2263.212)	/ 2 )
	=	258.149	/	2206.688
	=	11.70 %

Yuken India'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 )
	=	394.644	/	( ( (4615.923 - 1687.898)	+	(0 - 0) )	/ 1 )
	=	394.644	/	( ( 2928.025	+	0 )	/ 1 )
	=	394.644	/	2928.025
	=	13.48 %

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

Yuken India (BOM:522108) 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.

Yuken India ROCE % Related Terms

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Yuken India (BOM:522108) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Yuken India Ltd (BOM:522108) » Definitions » ROCE %

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YUKEN:India

Address

Malur-Hosur Main Road, P.B. No. 5, Koppathimmanahalli Village, Malur Taluk, Kolar, KA, IND, 563130

Website

https://www.yukenindia.com

Yuken India Ltd is an India based company engaged in manufacturing of hydraulic products. The company manufactures hydraulic components like pumps, valves, cylinders and package system catering to industrial sectors in India. The business segments of the company are Hydraulic Business segment and Other Business segment of which it generates the majority of the revenue from the Hydraulic Business segment.

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