Ador Fontech (BOM:530431) ROCE % : 26.35% (As of Mar. 2024)

View and export this data going back to 1995. Start your Free Trial

What is Ador Fontech 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. Ador Fontech's annualized ROCE % for the quarter that ended in Mar. 2024 was 26.35%.

Ador Fontech ROCE % Historical Data

The historical data trend for Ador Fontech'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.

Ador Fontech ROCE % Chart

Ador Fontech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

13.31

15.68

25.40

21.51

24.32

Ador Fontech 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															27.33	22.82	27.16	23.76	26.35

Ador Fontech ROCE % Calculation

Ador Fontech'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 )
	=	315.5	/	( ( (1557.2 - 288.2)	+	(1584.7 - 259.4) )	/ 2 )
	=	315.5	/	( (1269	+	1325.3)	/ 2 )
	=	315.5	/	1297.15
	=	24.32 %

Ador Fontech'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 )
	=	349.2	/	( ( (0 - 0)	+	(1584.7 - 259.4) )	/ 1 )
	=	349.2	/	( ( 0	+	1325.3 )	/ 1 )
	=	349.2	/	1325.3
	=	26.35 %

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

Ador Fontech (BOM:530431) 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.

Ador Fontech ROCE % Related Terms

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

Ador Fontech (BOM:530431) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ador Fontech Ltd (BOM:530431) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Belview 7 Haudin Road, Bengaluru, KA, IND, 560042

Website

https://www.adorfon.com

Ador Fontech Ltd manufactures industrial components through its reclamation, fusion, surfacing, spraying, and environmental solutions. The company offers products including low-heat input alloys, solid and flux-cored wires, and electrodes, wear resistance products, and welding and cutting equipment. The services that the company offers are repair and reclamation services and thermal spray products and services.

Ador Fontech (BOM:530431) Headlines

No Headlines