Ashoka Metcast (BOM:540923) ROCE % : 11.47% (As of Mar. 2024)

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What is Ashoka Metcast 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. Ashoka Metcast's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.47%.

Ashoka Metcast ROCE % Historical Data

The historical data trend for Ashoka Metcast'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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Ashoka Metcast ROCE % Chart

Ashoka Metcast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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1.35

3.44

8.85

5.82

7.01

Ashoka Metcast Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial													9.76	3.25	6.17	2.46	11.47

Ashoka Metcast ROCE % Calculation

Ashoka Metcast'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 )
	=	80.163	/	( ( (1329.791 - 216.093)	+	(1379.237 - 206.123) )	/ 2 )
	=	80.163	/	( (1113.698	+	1173.114)	/ 2 )
	=	80.163	/	1143.406
	=	7.01 %

Ashoka Metcast'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	132.58	/	( ( (1442.218 - 304.282)	+	(1379.237 - 206.123) )	/ 2 )
	=	132.58	/	( ( 1137.936	+	1173.114 )	/ 2 )
	=	132.58	/	1155.525
	=	11.47 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Ashoka Metcast (BOM:540923) 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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Ashoka Metcast (BOM:540923) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ashoka Metcast Ltd (BOM:540923) » Definitions » ROCE %

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ASHOKAMET:India

Address

Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Opposite HCG Hospital, Mithakhali, Ahmedabad, GJ, IND, 380006

Website

http://www.ashokametcast.in

Ashoka Metcast Ltd is currently engaged in the trading of structural steel and goods. The company has two segments namely Steel Trading and Trading of Goods. The company products are Thermo-Mechanically Treated bars, Angle bars, Mild steel bars, and Steel channels.

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