Heera Ispat (BOM:526967) ROCE % : 0.00% (As of Dec. 2023)

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What is Heera Ispat 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. Heera Ispat's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Heera Ispat ROCE % Historical Data

The historical data trend for Heera Ispat'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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Heera Ispat ROCE % Chart

Heera Ispat Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.65

-20.47

-194.15

Heera Ispat 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															-203.46	-131.75	-685.46	-	-

Heera Ispat ROCE % Calculation

Heera Ispat'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 )
	=	2.803	/	( ( (0.342 - 2.477)	+	(1.797 - 1.123) )	/ 2 )
	=	2.803	/	( (-2.135	+	0.674)	/ 2 )
	=	2.803	/	-0.7305
	=	-383.71 %

Heera Ispat'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 )
	=	-1.168	/	( ( (1.564 - 2.095)	+	(0 - 0) )	/ 1 )
	=	-1.168	/	( ( -0.531	+	0 )	/ 1 )
	=	-1.168	/	-0.531
	=	0 %

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

Heera Ispat (BOM:526967) 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.

Heera Ispat ROCE % Related Terms

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Heera Ispat (BOM:526967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Heera Ispat Ltd (BOM:526967) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Chenpur Road, B-104, Ganesh Homes, Near Pramukh Bungalows, Behind Sahajanand Homes, New Ranip, Ahmedabad, GJ, IND, 382470

Website

http://www.heeraispat.com

Heera Ispat Ltd is an Indian based company that operates in the steels and alloys business. The business activity of the group includes manufacturing and trading of steels and alloys. It manufactures products including steel plates, steel bars, and wires for the construction industry and cast iron products for the automobile industry. Geographically, all the activities are carried out through the region of India.

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