Arvind and Co Shipping Agencies (NSE:ACSAL) ROCE % : 36.11% (As of Mar. 2023)

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What is Arvind and Co Shipping Agencies 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. Arvind and Co Shipping Agencies's annualized ROCE % for the quarter that ended in Mar. 2023 was 36.11%.

Arvind and Co Shipping Agencies ROCE % Historical Data

The historical data trend for Arvind and Co Shipping Agencies'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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Arvind and Co Shipping Agencies ROCE % Chart

Arvind and Co Shipping Agencies Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

2.92

19.07

36.11

Arvind and Co Shipping Agencies Semi-Annual Data
	Mar21	Mar22	Mar23
ROCE %	2.92	19.07	36.11

Arvind and Co Shipping Agencies ROCE % Calculation

Arvind and Co Shipping Agencies'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 )
	=	58.351	/	( ( (186.094 - 69.169)	+	(338.118 - 131.817) )	/ 2 )
	=	58.351	/	( (116.925	+	206.301)	/ 2 )
	=	58.351	/	161.613
	=	36.11 %

Arvind and Co Shipping Agencies's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	58.351	/	( ( (186.094 - 69.169)	+	(338.118 - 131.817) )	/ 2 )
	=	58.351	/	( ( 116.925	+	206.301 )	/ 2 )
	=	58.351	/	161.613
	=	36.11 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Arvind and Co Shipping Agencies (NSE:ACSAL) 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.

Arvind and Co Shipping Agencies ROCE % Related Terms

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Arvind and Co Shipping Agencies (NSE:ACSAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Arvind and Co Shipping Agencies Ltd (NSE:ACSAL) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

City point 701 to 702, Fifth Floor, Near Town Hall, Jamnagar, GJ, IND, 361001

Website

https://www.arvindshipping.com

Arvind and Co Shipping Agencies Ltd is mainly engaged in the hiring of ships, barges, launches, Boats, docks, propelled vehicles, water- vessels and transport machines & providing hotel services & services of renting immovable properties. The company operates in two segments Chartering of Barges and Hotel and Hospitality. The majority of revenue is derived from the chartering of barges segment.

Arvind and Co Shipping Agencies (NSE:ACSAL) Headlines

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