Auro Impex & Chemicals (NSE:AUROIMPEX) ROCE % : 46.78% (As of Mar. 2023)

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What is Auro Impex & Chemicals 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. Auro Impex & Chemicals's annualized ROCE % for the quarter that ended in Mar. 2023 was 46.78%.

Auro Impex & Chemicals ROCE % Historical Data

The historical data trend for Auro Impex & Chemicals'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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Auro Impex & Chemicals ROCE % Chart

Auro Impex & Chemicals Annual Data

Trend

Mar22

Mar23

ROCE %

24.89

44.64

Auro Impex & Chemicals Semi-Annual Data
	Mar22	Sep22	Mar23
ROCE %	-	41.69	46.78

Auro Impex & Chemicals ROCE % Calculation

Auro Impex & Chemicals'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 )
	=	118.086	/	( ( (621.956 - 393.044)	+	(822.809 - 522.62) )	/ 2 )
	=	118.086	/	( (228.912	+	300.189)	/ 2 )
	=	118.086	/	264.5505
	=	44.64 %

Auro Impex & Chemicals'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 )
	=	132.742	/	( ( (709.736 - 442.435)	+	(822.809 - 522.62) )	/ 2 )
	=	132.742	/	( ( 267.301	+	300.189 )	/ 2 )
	=	132.742	/	283.745
	=	46.78 %

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

Auro Impex & Chemicals (NSE:AUROIMPEX) 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.

Auro Impex & Chemicals ROCE % Related Terms

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Auro Impex & Chemicals (NSE:AUROIMPEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Auro Impex & Chemicals Ltd (NSE:AUROIMPEX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

740A, Block- P, New Alipore, Kolkata, WB, IND, 700053

Website

https://www.auroimpex.com

Auro Impex & Chemicals Ltd specializes in the manufacturing of Collecting Electrode, Discharge Electrode Plate steel structures and other internal components of an Electrostatic Precipitator - a filtration device used to remove smoke and fine dust particles from flowing gas used in various heavy industries such as Steel Plants, Sponge Iron industry, Cement Plants, Thermal Energy Plants and any other plant where the coal is burnt, as a measure to control Air Pollution.

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