ACC (BOM:500410) ROCE % : 22.02% (As of Mar. 2024)

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What is ACC 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. ACC's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.02%.

ACC ROCE % Historical Data

The historical data trend for ACC'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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ACC ROCE % Chart

ACC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Mar24

ROCE %

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14.93

17.98

13.67

18.02

18.03

ACC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-	-	13.92	19.37	22.02

ACC ROCE % Calculation

ACC'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: Dec. 2021 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Dec. 2021 )		(A: Mar. 2024 )
	=	29138.8	/	( ( (210388.4 - 60060.4)	+	(233856.4 - 60968.4) )	/ 2 )
	=	29138.8	/	( (150328	+	172888)	/ 2 )
	=	29138.8	/	161608
	=	18.03 %

ACC'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 )
	=	38069.6	/	( ( (0 - 0)	+	(233856.4 - 60968.4) )	/ 1 )
	=	38069.6	/	( ( 0	+	172888 )	/ 1 )
	=	38069.6	/	172888
	=	22.02 %

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

ACC (BOM:500410) 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.

ACC ROCE % Related Terms

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ACC (BOM:500410) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » ACC Ltd (BOM:500410) » Definitions » ROCE %

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ACC:India

Address

121, Maharshi Karve Road, Cement House, Mumbai, IND, 400020

Website

https://www.acclimited.com

ACC Ltd manufactures and sells cement, concrete, and cement-related products under the ACC brand. The firm operates in two segments based on the product: Cement and Ready Mix Concrete. The Cement segment, which generates the vast majority of revenue, sells cement to the construction and building industries as well as home improvement retailers. The Ready Mix Concrete segment sells concrete for infrastructure, industrial construction, and mass housing projects. Nearly all of the firm's revenue comes from India.

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