Loyal Equipments (BOM:539227) ROCE % : 66.57% (As of Mar. 2024)

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What is Loyal Equipments 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. Loyal Equipments's annualized ROCE % for the quarter that ended in Mar. 2024 was 66.57%.

Loyal Equipments ROCE % Historical Data

The historical data trend for Loyal Equipments'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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Loyal Equipments ROCE % Chart

Loyal Equipments Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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22.75

10.19

-14.33

29.23

35.25

Loyal Equipments 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															62.03	-24.99	65.18	32.56	66.57

Loyal Equipments ROCE % Calculation

Loyal Equipments'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 )
	=	108.353	/	( ( (513.453 - 233.309)	+	(539.275 - 204.737) )	/ 2 )
	=	108.353	/	( (280.144	+	334.538)	/ 2 )
	=	108.353	/	307.341
	=	35.25 %

Loyal Equipments'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 )
	=	222.696	/	( ( (0 - 0)	+	(539.275 - 204.737) )	/ 1 )
	=	222.696	/	( ( 0	+	334.538 )	/ 1 )
	=	222.696	/	334.538
	=	66.57 %

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

Loyal Equipments (BOM:539227) 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.

Loyal Equipments ROCE % Related Terms

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Loyal Equipments (BOM:539227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Loyal Equipments Ltd (BOM:539227) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Block No. 35/1-2-3-4, Village Zak, Taluka Dahegam, Gandhinagar, GJ, IND, 382330

Website

http://www.loyalequipments.com

Loyal Equipments Ltd is an Indian-based company engaged in the manufacturing of Industrial and Engineering Equipments Its product portfolio includes Pressure vessels, Air-cooled heat exchangers, Shell and tube heat exchangers, Storage tanks, Pressure receivers, Chimney, Heavy structural items, Skids, Base plates, and others. The company serves oil/gas, petroleum, chemical, sugar, steel, fertilizers, and the power plant sector.

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