Akanksha Power and Infrastructure (NSE:AKANKSHA) ROCE % : 22.70% (As of Mar. 2023)

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What is Akanksha Power and Infrastructure 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. Akanksha Power and Infrastructure's annualized ROCE % for the quarter that ended in Mar. 2023 was 22.70%.

Akanksha Power and Infrastructure ROCE % Historical Data

The historical data trend for Akanksha Power and Infrastructure'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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Akanksha Power and Infrastructure ROCE % Chart

Akanksha Power and Infrastructure Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

47.97

22.95

22.70

Akanksha Power and Infrastructure Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
ROCE %	-	47.97	22.95	22.70

Akanksha Power and Infrastructure ROCE % Calculation

Akanksha Power and Infrastructure'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 )
	=	51.844	/	( ( (383.893 - 163.164)	+	(476.265 - 240.261) )	/ 2 )
	=	51.844	/	( (220.729	+	236.004)	/ 2 )
	=	51.844	/	228.3665
	=	22.70 %

Akanksha Power and Infrastructure'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 )
	=	51.844	/	( ( (383.893 - 163.164)	+	(476.265 - 240.261) )	/ 2 )
	=	51.844	/	( ( 220.729	+	236.004 )	/ 2 )
	=	51.844	/	228.3665
	=	22.70 %

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

Akanksha Power and Infrastructure (NSE:AKANKSHA) 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.

Akanksha Power and Infrastructure ROCE % Related Terms

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Akanksha Power and Infrastructure (NSE:AKANKSHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Akanksha Power and Infrastructure Ltd (NSE:AKANKSHA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 87/4, MIDC, Satpur, Nashik, MH, IND, 422007

Website

https://www.apil.co.in

Akanksha Power and Infrastructure Ltd is engaged in the business of manufacturing of electric equipments, including electrical panels, instrument transformers, and vacuum contactors, catering to consumers from institutions, industries and electricity transmission and distribution utilities.. It design, Manufacturing and Supply of CT-PT, Metering Units and Cubical, Automatic power correction panel (Capacitor Panel), fixed capacitor banks, Motor Control Centre (MCC), Power Control Centre (PCC), Variable Frequency Drive (VFD) Panels, Thyristor switches and Vacuum contactors, Energy Management System and Smart Energy Meters (Advanced Metering Infrastructure) , in addition to engineering and execution of electrical turnkey projects.

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