Tinna Rubber & Infrastructure (BOM:530475) ROCE % : 47.91% (As of Mar. 2024)

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What is Tinna Rubber & Infrastructure 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. Tinna Rubber & Infrastructure's annualized ROCE % for the quarter that ended in Mar. 2024 was 47.91%.

Tinna Rubber & Infrastructure ROCE % Historical Data

The historical data trend for Tinna Rubber & Infrastructure'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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Tinna Rubber & Infrastructure ROCE % Chart

Tinna Rubber & Infrastructure Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.68

9.75

30.11

29.90

38.56

Tinna Rubber & Infrastructure Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															28.70	32.35	35.67	41.84	47.91

Tinna Rubber & Infrastructure ROCE % Calculation

Tinna Rubber & Infrastructure'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 )
	=	597.004	/	( ( (1929.325 - 655.87)	+	(2677.175 - 854.315) )	/ 2 )
	=	597.004	/	( (1273.455	+	1822.86)	/ 2 )
	=	597.004	/	1548.1575
	=	38.56 %

Tinna Rubber & Infrastructure'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 )
	=	873.316	/	( ( (0 - 0)	+	(2677.175 - 854.315) )	/ 1 )
	=	873.316	/	( ( 0	+	1822.86 )	/ 1 )
	=	873.316	/	1822.86
	=	47.91 %

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

Tinna Rubber & Infrastructure (BOM:530475) 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.

Tinna Rubber & Infrastructure ROCE % Related Terms

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Tinna Rubber & Infrastructure (BOM:530475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tinna Rubber & Infrastructure Ltd (BOM:530475) » Definitions » ROCE %

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Address

No. 6, Mandi Road, Tinna House, Sultanpur, Mehrauli, New Delhi, IND, 110030

Website

https://www.tinna.in

Tinna Rubber & Infrastructure Ltd is primarily engaged in the conversion of used tires into crumb rubber and steel wires. The company manufactures products such as Crumb rubber modifier, Crumb rubber modified bitumen, and Polymer modified bitumen, Bitumen emulsion, Reclaimed rubber or ultrafine crumb rubber compound, and Cut wire shots. The products are primarily used for making or repairing road, tyres, and auto part industry. Geographically, it derives a majority of its revenue from India.

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