Artson Engineering (BOM:522134) ROCE % : 54.70% (As of Mar. 2024)

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What is Artson 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. Artson Engineering's annualized ROCE % for the quarter that ended in Mar. 2024 was 54.70%.

Artson Engineering ROCE % Historical Data

The historical data trend for Artson 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.

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Artson Engineering ROCE % Chart

Artson Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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84.32

19.05

62.37

-141.09

87.25

Artson 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															-372.52	200.07	58.01	51.83	54.70

Artson Engineering ROCE % Calculation

Artson 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 )
	=	126.025	/	( ( (1560.677 - 1489.592)	+	(1510.689 - 1292.902) )	/ 2 )
	=	126.025	/	( (71.085	+	217.787)	/ 2 )
	=	126.025	/	144.436
	=	87.25 %

Artson 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 )
	=	119.12	/	( ( (0 - 0)	+	(1510.689 - 1292.902) )	/ 1 )
	=	119.12	/	( ( 0	+	217.787 )	/ 1 )
	=	119.12	/	217.787
	=	54.70 %

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

Artson Engineering (BOM:522134) 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.

Artson Engineering ROCE % Related Terms

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Artson Engineering (BOM:522134) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Artson Engineering Ltd (BOM:522134) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prenderghast Road, Ground Floor, Mithona Towers 1-7-80 to 87, Secunderabad, Hyderabad, TG, IND, 500 003

Website

https://www.artson.net

Artson Engineering Ltd is an Indian based company. The company is involved in the manufacturing of structural metal products, and industrial and infrastructure construction projects. Its only operating segment is Supply of fabricated steel structure and site services of mechanical works. The company manufacture Pressure vessels, Buffer Vessels, Columns, Heat exchangers, Stacks, Storage Tanks, LPG/Propane Bullets and others.

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