Aartech Solonics (BOM:542580) ROCE % : 10.10% (As of Sep. 2023)

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What is Aartech Solonics 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. Aartech Solonics's annualized ROCE % for the quarter that ended in Sep. 2023 was 10.10%.

Aartech Solonics ROCE % Historical Data

The historical data trend for Aartech Solonics'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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Aartech Solonics ROCE % Chart

Aartech Solonics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.53

0.52

2.42

13.33

8.88

Aartech Solonics Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial										-8.77	35.67	1.02	16.78	10.10

Aartech Solonics ROCE % Calculation

Aartech Solonics'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 )
	=	25.347	/	( ( (320.516 - 40.318)	+	(366.094 - 75.161) )	/ 2 )
	=	25.347	/	( (280.198	+	290.933)	/ 2 )
	=	25.347	/	285.5655
	=	8.88 %

Aartech Solonics's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	30.234	/	( ( (366.094 - 75.161)	+	(425.929 - 118.403) )	/ 2 )
	=	30.234	/	( ( 290.933	+	307.526 )	/ 2 )
	=	30.234	/	299.2295
	=	10.10 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Aartech Solonics (BOM:542580) 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.

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Aartech Solonics (BOM:542580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aartech Solonics Ltd (BOM:542580) » Definitions » ROCE %

Traded in Other Exchanges

AARTECH:India

Address

E-2/57, Ashirvad, Arera Colony, Bhopal, MP, IND, 462016

Website

https://www.aartechsolonics.com

Aartech Solonics Ltd is a system solution-oriented research and development enterprise in the field of specialized and selected energy appliances. The company is involved in the manufacturing of electricity distribution and control apparatus such as switches, fuses, voltage limiters, surge suppressors, junction boxes and others for a voltage exceeding 1000 volts; similar apparatus including relays, sockets and others for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors. It serves Renewable Energy; Power; Heavy Engineering; Defense and Exploration; Helth Care; Information Technology and Telecom; and other industries.

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