Rajoo Engineers (BOM:522257) ROCE % : 25.22% (As of Mar. 2024)

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What is Rajoo Engineers 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. Rajoo Engineers's annualized ROCE % for the quarter that ended in Mar. 2024 was 25.22%.

Rajoo Engineers ROCE % Historical Data

The historical data trend for Rajoo Engineers'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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Rajoo Engineers ROCE % Chart

Rajoo Engineers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.39

21.17

21.76

12.33

22.17

Rajoo Engineers 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															19.21	11.58	24.35	27.72	25.22

Rajoo Engineers ROCE % Calculation

Rajoo Engineers'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 )
	=	270.829	/	( ( (1838.26 - 705.343)	+	(2273.524 - 963.63) )	/ 2 )
	=	270.829	/	( (1132.917	+	1309.894)	/ 2 )
	=	270.829	/	1221.4055
	=	22.17 %

Rajoo Engineers'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 )
	=	330.42	/	( ( (0 - 0)	+	(2273.524 - 963.63) )	/ 1 )
	=	330.42	/	( ( 0	+	1309.894 )	/ 1 )
	=	330.42	/	1309.894
	=	25.22 %

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

Rajoo Engineers (BOM:522257) 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.

Rajoo Engineers ROCE % Related Terms

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Rajoo Engineers (BOM:522257) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rajoo Engineers Ltd (BOM:522257) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Rajoo Avenue, Survey Number 210, Plot Number 1, Industrial Area, Veraval (Shapar), Rajkot, GJ, IND, 360 024

Website

https://www.rajoo.com

Rajoo Engineers Ltd manufactures and sells plastic processing machinery and post extrusion equipment. The company's products and solutions include Monolayer Blown Film Lines, Downward Extrusion Blown Film Lines, Multilayer Blown Film Lines, 5 Layer Polyolefin Dedicated, PS/PP/ABS Sheet Lines, PS/PE Foam Extrusion Lines, Thermoforming, PS Foam Vacuum Forming Machines, Twin Screw, Pipe Plant, Drip Irrigation Pipe Plant for Round, Flat Dripper, Lab Equipment and others. Company products apply to flexible packaging, agriculture, infrastructure, automobiles, food and beverages, pharmaceuticals, stationery, printing, etc. It serves the domestic and international markets and derives substantial revenue from the sale of services overseas.

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