Amba Enterprises (BOM:539196) ROCE % : 42.05% (As of Mar. 2024)

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What is Amba Enterprises 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. Amba Enterprises's annualized ROCE % for the quarter that ended in Mar. 2024 was 42.05%.

Amba Enterprises ROCE % Historical Data

The historical data trend for Amba Enterprises'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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Amba Enterprises ROCE % Chart

Amba Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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12.84

18.86

39.21

23.13

26.53

Amba Enterprises 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															30.33	23.38	31.54	7.58	42.05

Amba Enterprises ROCE % Calculation

Amba Enterprises'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 )
	=	88.18	/	( ( (434.476 - 129.529)	+	(621.944 - 262.043) )	/ 2 )
	=	88.18	/	( (304.947	+	359.901)	/ 2 )
	=	88.18	/	332.424
	=	26.53 %

Amba Enterprises'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 )
	=	151.344	/	( ( (0 - 0)	+	(621.944 - 262.043) )	/ 1 )
	=	151.344	/	( ( 0	+	359.901 )	/ 1 )
	=	151.344	/	359.901
	=	42.05 %

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

Amba Enterprises (BOM:539196) 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.

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Amba Enterprises (BOM:539196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Amba Enterprises Ltd (BOM:539196) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Western Express Highway, Unit 430, 4th Floor, Blue Rose Industrial Estate, Near Metro Mall, Borivali East, Mumbai, MH, IND, 400066

Website

https://www.ambaltd.com

Amba Enterprises Ltd is an India based company involved in the metal fabrication business. It engaged in the manufacturing and selling of Coil, Transformer Lamination sheets, and related. products. Its products include CRNGO/CRNO Lamination Strips, Transformer Lamination, Generator & Alternator Stampings, Motor and Pumps Stampings, Slit Coil & Full Coil, Die Cast Rotor, and Inserted Shaft with Rotor. Its services include Slitting Line and Cut To Length Line.

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