Aurangabad Distillery (NSE:AURDIS) ROCE % : 36.21% (As of Mar. 2023)

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What is Aurangabad Distillery 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. Aurangabad Distillery's annualized ROCE % for the quarter that ended in Mar. 2023 was 36.21%.

Aurangabad Distillery ROCE % Historical Data

The historical data trend for Aurangabad Distillery'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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Aurangabad Distillery ROCE % Chart

Aurangabad Distillery Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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22.33

17.21

14.31

24.40

36.20

Aurangabad Distillery Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23
ROCE %	Get a 7-Day Free Trial											-	22.83	25.83	24.14	36.21

Aurangabad Distillery ROCE % Calculation

Aurangabad Distillery'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 )
	=	282.232	/	( ( (1168.355 - 474.288)	+	(1607.558 - 742.405) )	/ 2 )
	=	282.232	/	( (694.067	+	865.153)	/ 2 )
	=	282.232	/	779.61
	=	36.20 %

Aurangabad Distillery'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: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	351.036	/	( ( (1538.403 - 464.572)	+	(1607.558 - 742.405) )	/ 2 )
	=	351.036	/	( ( 1073.831	+	865.153 )	/ 2 )
	=	351.036	/	969.492
	=	36.21 %

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

Aurangabad Distillery (NSE:AURDIS) 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.

Aurangabad Distillery ROCE % Related Terms

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Aurangabad Distillery (NSE:AURDIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Aurangabad Distillery Ltd (NSE:AURDIS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

A/P Walchandnagar, Taluka Indapur, Pune, MH, IND, 413114

Website

https://www.aurangabaddistillery.com

Aurangabad Distillery Ltd is engaged in the manufacture of non-potable alcohol. a molasses-based distillery, the distillery is equipped with the latest equipment and technology to manufacture high-quality. The Product Portfolio Includes Rectified Spirit, Neutral Alcohol, Denatured Spirit, Potash, Bio Potash, and De Potash Vinasse. The Company has two business segments namely, the distillery division and the potash division.

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