AA Plus Tradelink (BOM:543319) ROCE % : 5.66% (As of Sep. 2023)

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What is AA Plus Tradelink 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. AA Plus Tradelink's annualized ROCE % for the quarter that ended in Sep. 2023 was 5.66%.

AA Plus Tradelink ROCE % Historical Data

The historical data trend for AA Plus Tradelink'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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AA Plus Tradelink ROCE % Chart

AA Plus Tradelink Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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3.74

3.69

3.44

3.17

2.48

AA Plus Tradelink Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial				1.49	3.61	2.03	2.93	5.66

AA Plus Tradelink ROCE % Calculation

AA Plus Tradelink'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 )
	=	3.185	/	( ( (195.43 - 68.146)	+	(154.412 - 25.074) )	/ 2 )
	=	3.185	/	( (127.284	+	129.338)	/ 2 )
	=	3.185	/	128.311
	=	2.48 %

AA Plus Tradelink'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 )
	=	7.4	/	( ( (154.412 - 25.074)	+	(180.8 - 48.8) )	/ 2 )
	=	7.4	/	( ( 129.338	+	132 )	/ 2 )
	=	7.4	/	130.669
	=	5.66 %

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

AA Plus Tradelink (BOM:543319) 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.

AA Plus Tradelink ROCE % Related Terms

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AA Plus Tradelink (BOM:543319) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AA Plus Tradelink Ltd (BOM:543319) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jambli Gali, Gomati Bhuvan, Near Jain Temple, B-702, Divine Jalpa, Borivali (West), Mumbai, MH, IND, 400092

Website

http://www.aaplustradelink.com

AA Plus Tradelink Ltd is engaged in the trading of products made of iron & steel, aluminium, graphite, and other alloy products. It offers a diversified range of products such as aluminium bars, Aluminium Scrap, Aluminium Powder, G I pipes, Graphite Flakes, Graphite Powder, Graphite Rods and others. The Company's Business activity falls in Single Primary segment which is Trading in Industrial.

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