Astron Paper & Board Mill (BOM:540824) ROCE % : 1.75% (As of Dec. 2023)

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What is Astron Paper & Board Mill 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. Astron Paper & Board Mill's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.75%.

Astron Paper & Board Mill ROCE % Historical Data

The historical data trend for Astron Paper & Board Mill'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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Astron Paper & Board Mill ROCE % Chart

Astron Paper & Board Mill Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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29.43

15.88

12.67

9.83

-14.40

Astron Paper & Board Mill Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-14.40	-6.29	0.37	1.07	1.75

Astron Paper & Board Mill ROCE % Calculation

Astron Paper & Board Mill'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 )
	=	-263.781	/	( ( (3503.899 - 1469.324)	+	(3119.188 - 1490.368) )	/ 2 )
	=	-263.781	/	( (2034.575	+	1628.82)	/ 2 )
	=	-263.781	/	1831.6975
	=	-14.40 %

Astron Paper & Board Mill's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	27.92	/	( ( (3043.935 - 1452.363)	+	(0 - 0) )	/ 1 )
	=	27.92	/	( ( 1591.572	+	0 )	/ 1 )
	=	27.92	/	1591.572
	=	1.75 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Astron Paper & Board Mill (BOM:540824) 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.

Astron Paper & Board Mill ROCE % Related Terms

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Astron Paper & Board Mill (BOM:540824) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Astron Paper & Board Mill Ltd (BOM:540824) » Definitions » ROCE %

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ASTRON:India

Address

S G Highway, Ganesh Meridian, D-702, 7th Floor, Opposite High Court, Ahmedabad, GJ, IND, 380060

Website

https://www.astronpaper.com

Astron Paper & Board Mill Ltd is engaged in recycled corrugated paper manufacturing in India. The company mainly caters packaging industry and has developed a loyal clientele network. the product portfolio includes varied products like VTL, High RCT, Kraft Liner, Test Liner to Corrugated Medium Paper, ranging mainly from 80 GSM to 350 GSM and 16-40 BF. The dominant source of income of t e company is from the sale of kraft paper.

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