Voith Paper Fabrics India (BOM:522122) ROCE % : 11.60% (As of Mar. 2024)

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What is Voith Paper Fabrics 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. Voith Paper Fabrics India's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.60%.

Voith Paper Fabrics India ROCE % Historical Data

The historical data trend for Voith Paper Fabrics 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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Voith Paper Fabrics India ROCE % Chart

Voith Paper Fabrics India Annual Data

Trend

Sep13

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.00

11.31

11.67

14.00

14.47

Voith Paper Fabrics India 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															16.59	11.81	15.23	15.21	11.60

Voith Paper Fabrics India ROCE % Calculation

Voith Paper Fabrics India'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 )
	=	488.18	/	( ( (3500.92 - 296.94)	+	(3895.42 - 349.84) )	/ 2 )
	=	488.18	/	( (3203.98	+	3545.58)	/ 2 )
	=	488.18	/	3374.78
	=	14.47 %

Voith Paper Fabrics India'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 )
	=	411.28	/	( ( (0 - 0)	+	(3895.42 - 349.84) )	/ 1 )
	=	411.28	/	( ( 0	+	3545.58 )	/ 1 )
	=	411.28	/	3545.58
	=	11.60 %

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

Voith Paper Fabrics India (BOM:522122) 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.

Voith Paper Fabrics India ROCE % Related Terms

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Voith Paper Fabrics India (BOM:522122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Voith Paper Fabrics India Ltd (BOM:522122) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

113/114A, Sector-24, Delhi NCR, Faridabad, HR, IND, 121005

Website

http://www.voithpaperfabricsindia.com

Voith Paper Fabrics India Ltd manufactures various range of paper machine clothing. The company's products include Forming fabrics, Press Fabric, Dryer Fabric, Fiber Cement and Roll Covers. Its primary business is supplying the paper industry with technologically sophisticated products called paper machine clothing. Paper machine clothing is used to produce all grades of paper from lightweight tissue to heavyweight containerboard. The company is located at one of the established industrial townships of northern India serving customers both in India and abroad.

Voith Paper Fabrics India (BOM:522122) Headlines

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