ZF Commercial Vehicle Control Systems India (NSE:ZFCVINDIA) ROCE % : 20.50% (As of Dec. 2023)

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What is ZF Commercial Vehicle Control Systems India 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. ZF Commercial Vehicle Control Systems India's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.50%.

ZF Commercial Vehicle Control Systems India ROCE % Historical Data

The historical data trend for ZF Commercial Vehicle Control Systems India'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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ZF Commercial Vehicle Control Systems India ROCE % Chart

ZF Commercial Vehicle Control Systems India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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20.28

12.07

7.85

9.52

18.71

ZF Commercial Vehicle Control Systems India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															20.62	21.77	21.71	21.36	20.50

ZF Commercial Vehicle Control Systems India ROCE % Calculation

ZF Commercial Vehicle Control Systems India'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 )
	=	4325.62	/	( ( (26366.77 - 4984.619)	+	(30223.78 - 5357.593) )	/ 2 )
	=	4325.62	/	( (21382.151	+	24866.187)	/ 2 )
	=	4325.62	/	23124.169
	=	18.71 %

ZF Commercial Vehicle Control Systems India's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	5471.944	/	( ( (32204.621 - 5505.79)	+	(0 - 0) )	/ 1 )
	=	5471.944	/	( ( 26698.831	+	0 )	/ 1 )
	=	5471.944	/	26698.831
	=	20.50 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

ZF Commercial Vehicle Control Systems India (NSE:ZFCVINDIA) 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.

ZF Commercial Vehicle Control Systems India ROCE % Related Terms

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ZF Commercial Vehicle Control Systems India (NSE:ZFCVINDIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ZF Commercial Vehicle Control Systems India Ltd (NSE:ZFCVINDIA) » Definitions » ROCE %

Traded in Other Exchanges

533023:India

Address

Plot No. 3 (SP), III Main Road, Ambattur Industrial Estate, Chennai, TN, IND, 600058

Website

https://www.zf.com

ZF Commercial Vehicle Control Systems India Ltd is a supplier of technologies and services that improve commercial vehicle safety, efficiency, and connectivity. It offers conventional braking products, advanced braking systems, and other related air-assisted products and systems, such as air suspension and driveline controls.

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