AIA Engineering (AIA Engineering) ROCE % : 20.76% (As of Mar. 2024)

View and export this data going back to 2014. Start your Free Trial

What is AIA Engineering 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. AIA Engineering's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.76%.

AIA Engineering ROCE % Historical Data

The historical data trend for AIA Engineering'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.

* Premium members only.

AIA Engineering ROCE % Chart

AIA Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

18.81

18.27

16.80

25.22

24.15

AIA Engineering 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															24.76	26.30	27.07	23.68	20.76

AIA Engineering ROCE % Calculation

AIA Engineering'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 )
	=	182.651	/	( ( (806.063 - 106.361)	+	(902.799 - 90.166) )	/ 2 )
	=	182.651	/	( (699.702	+	812.633)	/ 2 )
	=	182.651	/	756.1675
	=	24.15 %

AIA Engineering'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 )
	=	168.68	/	( ( (0 - 0)	+	(902.799 - 90.166) )	/ 1 )
	=	168.68	/	( ( 0	+	812.633 )	/ 1 )
	=	168.68	/	812.633
	=	20.76 %

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

AIA Engineering (GREY:AAGGY) 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.

AIA Engineering ROCE % Related Terms

Thank you for viewing the detailed overview of AIA Engineering's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

AIA Engineering (AIA Engineering) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AIA Engineering Ltd (GREY:AAGGY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AIAENG:India 532683:India

Address

Off. S. G. Highway, Sindhu Bhavan Road, 11-12, Sigma Corporates, Behind HOF Showroom, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

http://www.aiaengineering.com

AIA Engineering Ltd is an India-based company that develops, manufactures, and distributes chromium consumable wear parts, including grinding media, shell liners, diaphragms, grinding tables, heat-resistant castings, cone crushers, and others. The company's products are applied in the crushing/grinding processes in the cement, mining, thermal power, and other sectors. AIA Engineering Ltd generates the majority of its sales from markets outside of India. Vega Industries, a wholly-owned subsidiary of this company, is responsible for distributing the company's products outside India.

AIA Engineering (AIA Engineering) Headlines

From GuruFocus

Q3 2024 AIA Engineering Ltd Earnings Call Transcript

By GuruFocus Research • 02-10-2024