De Neers Tools (NSE:DENEERS) ROCE % : 26.34% (As of Mar. 2022)

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What is De Neers Tools 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. De Neers Tools's annualized ROCE % for the quarter that ended in Mar. 2022 was 26.34%.

De Neers Tools ROCE % Historical Data

The historical data trend for De Neers Tools'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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De Neers Tools ROCE % Chart

De Neers Tools Annual Data

Trend

Mar20

Mar21

Mar22

ROCE %

18.43

20.61

26.34

De Neers Tools Semi-Annual Data
	Mar20	Mar21	Mar22
ROCE %	18.43	20.61	26.34

De Neers Tools ROCE % Calculation

De Neers Tools's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	82.841	/	( ( (611.128 - 464.302)	+	(993.352 - 511.158) )	/ 2 )
	=	82.841	/	( (146.826	+	482.194)	/ 2 )
	=	82.841	/	314.51
	=	26.34 %

De Neers Tools's ROCE % of for the quarter that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2022 )		(Q: Mar. 2021 )		(Q: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2022 )		(Q: Mar. 2021 )		(Q: Mar. 2022 )
	=	82.841	/	( ( (611.128 - 464.302)	+	(993.352 - 511.158) )	/ 2 )
	=	82.841	/	( ( 146.826	+	482.194 )	/ 2 )
	=	82.841	/	314.51
	=	26.34 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2022) EBIT data.

De Neers Tools (NSE:DENEERS) 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.

De Neers Tools ROCE % Related Terms

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De Neers Tools (NSE:DENEERS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » De Neers Tools Ltd (NSE:DENEERS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 468, Ground Floor, Industrial Area, Patparganj, Delhi, IND, 110092

Website

https://www.deneerstools.com

De Neers Tools Ltd is a hand tools suppliers in India. The company aims to provide hand tools of the utmost quality that are worth Its customers' money. It continuously works on innovation and research to develop products that can bring a kind of revolution in the hand tool industry. Its products includes Spanners, Wrenches, Pliers, Cutters, Allen keys, Hammers, sockets, Screw Drivers, Tool Kits, Tool Cabinets, Trolleys, etc. It is also specialized in providing Safety Tools like Non-Sparking Tools, Insulated Steel Tools, Non-Sparking Insulated Tools, Stainless Steel Anti-magnetic Tools, and Titanium Tools, with other range of hand tools. The company is predominantly engaged in wholesale trading of hardware & tools which constitutes a single business segment.

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