NRB Industrial Bearings (BOM:535458) ROCE % : -62.62% (As of Mar. 2024)

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What is NRB Industrial Bearings 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. NRB Industrial Bearings's annualized ROCE % for the quarter that ended in Mar. 2024 was -62.62%.

NRB Industrial Bearings ROCE % Historical Data

The historical data trend for NRB Industrial Bearings'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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NRB Industrial Bearings ROCE % Chart

NRB Industrial Bearings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-25.59

25.97

-4.79

-7.88

-42.19

NRB Industrial Bearings 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															-10.84	-37.98	-28.49	-34.83	-62.62

NRB Industrial Bearings ROCE % Calculation

NRB Industrial Bearings'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 )
	=	-150.113	/	( ( (1187.872 - 769.254)	+	(1066.688 - 773.619) )	/ 2 )
	=	-150.113	/	( (418.618	+	293.069)	/ 2 )
	=	-150.113	/	355.8435
	=	-42.19 %

NRB Industrial Bearings'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 )
	=	-183.512	/	( ( (0 - 0)	+	(1066.688 - 773.619) )	/ 1 )
	=	-183.512	/	( ( 0	+	293.069 )	/ 1 )
	=	-183.512	/	293.069
	=	-62.62 %

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

NRB Industrial Bearings (BOM:535458) 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.

NRB Industrial Bearings ROCE % Related Terms

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NRB Industrial Bearings (BOM:535458) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NRB Industrial Bearings Ltd (BOM:535458) » Definitions » ROCE %

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NIBL:India

Address

Number. 15, Sir Phirozshah Mehta Road, Dhannur building, 2nd Floor, Fort, Mumbai, MH, IND, 400 001

Website

https://www.nrbindustrialbearings.com

NRB Industrial Bearings Ltd is engaged in the business of manufacturing and selling all types of industrial bearings. The company operates in one business segment which is Industrial Bearings. The product line of the company consists of Cam followers, Bottom ring bearings, Wide inner ring Ball bearings, Housed units, Cylindrical roller bearings, Spherical roller bearings, and Deep groove ball bearings. The Ball and roller bearings segment of the company generates maximum revenue. The group has a business presence in India and Outside India, of which prime income is generated within India.

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