RMC Switchgears (BOM:540358) ROCE % : 47.77% (As of Sep. 2023)

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What is RMC Switchgears 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. RMC Switchgears's annualized ROCE % for the quarter that ended in Sep. 2023 was 47.77%.

RMC Switchgears ROCE % Historical Data

The historical data trend for RMC Switchgears'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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RMC Switchgears ROCE % Chart

RMC Switchgears Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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21.11

10.33

6.92

5.28

38.29

RMC Switchgears Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															9.49	0.73	48.36	32.39	47.77

RMC Switchgears ROCE % Calculation

RMC Switchgears'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 )
	=	223.525	/	( ( (829.266 - 326.391)	+	(1165.605 - 500.987) )	/ 2 )
	=	223.525	/	( (502.875	+	664.618)	/ 2 )
	=	223.525	/	583.7465
	=	38.29 %

RMC Switchgears's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	341.838	/	( ( (1165.605 - 500.987)	+	(1362.577 - 595.996) )	/ 2 )
	=	341.838	/	( ( 664.618	+	766.581 )	/ 2 )
	=	341.838	/	715.5995
	=	47.77 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

RMC Switchgears (BOM:540358) 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.

RMC Switchgears ROCE % Related Terms

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RMC Switchgears (BOM:540358) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » RMC Switchgears Ltd (BOM:540358) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

B-11 (B&C), Malviya Industrial Area, Jaipur, RJ, IND, 302017

Website

https://www.rmcindia.in

RMC Switchgears Ltd designs and manufactures electronic energy meters, enclosures of energy metering, distribution boxes and panels, sheet moulding compounds and bulk moulding compounds, solar power equipment and turnkey contracts. These are primarily in B2B and B2G space. The company is engaged in Switch Gear Engineering and Construction contracts for the power distribution/transmission sector.

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