Aakash Exploration Services (NSE:AAKASH) ROCE % : 32.23% (As of Mar. 2024)

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What is Aakash Exploration Services 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. Aakash Exploration Services's annualized ROCE % for the quarter that ended in Mar. 2024 was 32.23%.

Aakash Exploration Services ROCE % Historical Data

The historical data trend for Aakash Exploration Services'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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Aakash Exploration Services ROCE % Chart

Aakash Exploration Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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19.22

14.63

18.74

14.08

16.18

Aakash Exploration Services Quarterly Data
	Mar19	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															13.37	11.77	13.92	5.76	32.23

Aakash Exploration Services ROCE % Calculation

Aakash Exploration Services'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 )
	=	101.564	/	( ( (833.346 - 243.412)	+	(937.56 - 272.009) )	/ 2 )
	=	101.564	/	( (589.934	+	665.551)	/ 2 )
	=	101.564	/	627.7425
	=	16.18 %

Aakash Exploration Services'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 )
	=	214.484	/	( ( (0 - 0)	+	(937.56 - 272.009) )	/ 1 )
	=	214.484	/	( ( 0	+	665.551 )	/ 1 )
	=	214.484	/	665.551
	=	32.23 %

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

Aakash Exploration Services (NSE:AAKASH) 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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Aakash Exploration Services (NSE:AAKASH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aakash Exploration Services Ltd (NSE:AAKASH) » Definitions » ROCE %

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Address

424-426, 4th Floor, Shukan Mall, Near Visat Petrol Pump, Sabarmati, Ahmedabad, GJ, IND, 380005

Website

https://www.aakashexploration.com

Aakash Exploration Services Ltd provides oil and gas field services in India. It offers mobile work over rigs, hot oil circulation units, air compressors, mobile steaming units, mobile pumping units, cranes, manpower services, SRP unit supply and maintenance, and other related services. The company derives revenue from the sale of services.

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