Airo Lam (NSE:AIROLAM) ROCE % : 22.65% (As of Jun. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Airo Lam 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. Airo Lam's annualized ROCE % for the quarter that ended in Jun. 2023 was 22.65%.

Airo Lam ROCE % Historical Data

The historical data trend for Airo Lam'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.

Airo Lam ROCE % Chart

Airo Lam Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

18.27

14.83

14.51

14.83

16.17

Airo Lam Quarterly Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															17.88	11.99	15.75	18.63	22.65

Airo Lam ROCE % Calculation

Airo Lam'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 )
	=	133.347	/	( ( (1594.496 - 771.574)	+	(1621.691 - 795.39) )	/ 2 )
	=	133.347	/	( (822.922	+	826.301)	/ 2 )
	=	133.347	/	824.6115
	=	16.17 %

Airo Lam's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	189.856	/	( ( (1621.691 - 795.39)	+	(1654.518 - 804.219) )	/ 2 )
	=	189.856	/	( ( 826.301	+	850.299 )	/ 2 )
	=	189.856	/	838.3
	=	22.65 %

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

Airo Lam (NSE:AIROLAM) 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.

Airo Lam ROCE % Related Terms

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

Airo Lam (NSE:AIROLAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Airo Lam Ltd (NSE:AIROLAM) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Survey No. 355, Nananpur Approach Road, N.H. No.8, Tahsil-Prantij, Himmatnagar, Dalpur, Sabarkantha, GJ, IND, 383120

Website

https://www.airolam.com

Airo Lam Ltd is engaged in the manufacturing of High-Pressure decorative laminates. Its products are used in kitchen furniture, workshops, bathroom furniture, interior doors, and interior wall linings.

Airo Lam (NSE:AIROLAM) Headlines

No Headlines