Ahasolar Technologies (BOM:543941) ROCE % : 62.71% (As of Mar. 2023)

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What is Ahasolar Technologies 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. Ahasolar Technologies's annualized ROCE % for the quarter that ended in Mar. 2023 was 62.71%.

Ahasolar Technologies ROCE % Historical Data

The historical data trend for Ahasolar Technologies'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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Ahasolar Technologies ROCE % Chart

Ahasolar Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

9.49

37.33

107.20

62.71

Ahasolar Technologies Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
ROCE %	9.49	37.33	107.20	62.71

Ahasolar Technologies ROCE % Calculation

Ahasolar Technologies'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 )
	=	17.43	/	( ( (23.737 - 9.871)	+	(52.556 - 10.83) )	/ 2 )
	=	17.43	/	( (13.866	+	41.726)	/ 2 )
	=	17.43	/	27.796
	=	62.71 %

Ahasolar Technologies's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	17.43	/	( ( (23.737 - 9.871)	+	(52.556 - 10.83) )	/ 2 )
	=	17.43	/	( ( 13.866	+	41.726 )	/ 2 )
	=	17.43	/	27.796
	=	62.71 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Ahasolar Technologies (BOM:543941) 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.

Ahasolar Technologies ROCE % Related Terms

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Ahasolar Technologies (BOM:543941) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ahasolar Technologies Ltd (BOM:543941) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sattadhar Cross Road, Office No. 207, Kalasagar Shopping Hub, Opposite Saibaba Temple, Ghatlodiya, Ahmedabad, GJ, IND, 380061

Website

https://www.ahasolar.in

Ahasolar Technologies Ltd is engaged in the business of Cleantech enabling Energy Transition through Digital Transformation and henceforth empowering stakeholders to adopt renewable energy. Its primary focus in renewable energy has been in the solar industry and to cater to it the company developed an AI-based intelligent Solar Digital Platform. It has developed Software as a Service (SaaS) products for solar companies to streamline the processes, design PV, do project management, and monitor generation along with an integrated Marketplace to connect the demand & supply digitally. The company's core businesses are Solar Software Services, Solar Marketplace, and Solar Advisory and Consultancy services.

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