Orient Cement (BOM:535754) ROCE % : 20.83% (As of Mar. 2024)

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What is Orient Cement 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. Orient Cement's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.83%.

Orient Cement ROCE % Historical Data

The historical data trend for Orient Cement'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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Orient Cement ROCE % Chart

Orient Cement Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.67

17.92

20.94

11.34

14.55

Orient Cement 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															20.81	12.90	9.67	15.08	20.83

Orient Cement ROCE % Calculation

Orient Cement'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 )
	=	3155.832	/	( ( (28767.613 - 8036.714)	+	(28554.342 - 5904.685) )	/ 2 )
	=	3155.832	/	( (20730.899	+	22649.657)	/ 2 )
	=	3155.832	/	21690.278
	=	14.55 %

Orient Cement'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 )
	=	4719.004	/	( ( (0 - 0)	+	(28554.342 - 5904.685) )	/ 1 )
	=	4719.004	/	( ( 0	+	22649.657 )	/ 1 )
	=	4719.004	/	22649.657
	=	20.83 %

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

Orient Cement (BOM:535754) 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.

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Orient Cement (BOM:535754) Business Description

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ORIENTCEM:India

Address

25, Barakhamba Road, Birla Tower, 3rd Floor, New Delhi, IND, 110 001

Website

https://www.orientcement.com

Orient Cement Ltd is a manufacturer and supplier of cement products. Its manufacturing facilities are located at Devapur in Telangana, Jalgaon in Maharashtra and Chittapur in Karnataka. Its product mix includes Ordinary Portland Cement (OPC) and Pozzolana Portland Cement (PPC) sold under the brand name of Birla A1. Most of its revenue is derived from the sale of cement.

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