DOMS Industries (BOM:544045) ROCE % : 44.11% (As of Sep. 2023)

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What is DOMS Industries 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. DOMS Industries's annualized ROCE % for the quarter that ended in Sep. 2023 was 44.11%.

DOMS Industries ROCE % Historical Data

The historical data trend for DOMS Industries'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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DOMS Industries ROCE % Chart

DOMS Industries Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

0.22

11.64

42.22

DOMS Industries Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
ROCE %	-	-	-	44.11

DOMS Industries ROCE % Calculation

DOMS Industries'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 )
	=	1494.72	/	( ( (4974.61 - 1993.34)	+	(6397.83 - 2298.97) )	/ 2 )
	=	1494.72	/	( (2981.27	+	4098.86)	/ 2 )
	=	1494.72	/	3540.065
	=	42.22 %

DOMS Industries'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 )
	=	2130.76	/	( ( (6397.83 - 2298.97)	+	(8294.57 - 2732.59) )	/ 2 )
	=	2130.76	/	( ( 4098.86	+	5561.98 )	/ 2 )
	=	2130.76	/	4830.42
	=	44.11 %

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

DOMS Industries (BOM:544045) 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.

DOMS Industries ROCE % Related Terms

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DOMS Industries (BOM:544045) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » DOMS Industries Ltd (BOM:544045) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DOMS:India

Address

Plot No. 117, 52 Hector Expansion Area, G.I.D.C., District Valsad, Umbergaon, GJ, IND, 396171

Website

https://www.domsindia.com

DOMS Industries Ltd is engaged in the manufacturing of stationery and art material products in India. It designs, develops, manufactures, and sells products, primarily under DOMS brand. Its products are classified across seven categories: (i) scholastic stationery; (ii) scholastic art material; (iii) paper stationery; (iv) kits and combos; (v) office supplies; (vi) hobby and craft; and (vii) fine art products.

DOMS Industries (BOM:544045) Headlines

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