Avro India (NSE:AVROIND) ROCE % : 19.29% (As of Mar. 2024)

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What is Avro India 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. Avro India's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.29%.

Avro India ROCE % Historical Data

The historical data trend for Avro India'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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Avro India ROCE % Chart

Avro India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.25

15.10

21.59

27.30

22.87

Avro India Quarterly Data
	Mar17	Jan18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															21.57	25.47	21.83	24.36	19.29

Avro India ROCE % Calculation

Avro India's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	70.156	/	( ( (409.867 - 131.966)	+	(544.547 - 209.029) )	/ 2 )
	=	70.156	/	( (277.901	+	335.518)	/ 2 )
	=	70.156	/	306.7095
	=	22.87 %

Avro India's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	64.712	/	( ( (0 - 0)	+	(544.547 - 209.029) )	/ 1 )
	=	64.712	/	( ( 0	+	335.518 )	/ 1 )
	=	64.712	/	335.518
	=	19.29 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Avro India (NSE:AVROIND) 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.

Avro India ROCE % Related Terms

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Avro India (NSE:AVROIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Avro India Ltd (NSE:AVROIND) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

543512:India

Address

South of G. T. Road, A-7/36-39, Industrial Area, Electrosteel Casting Compound, Ghaziabad, UP, IND, 201009

Website

https://www.avrofurniture.com

Avro India Ltd is engaged in manufacturing and selling plastic molded furniture and granules. The firm produces are manufactures products under the brand name Avon and Avro Furniture. The product portfolio of the company includes molded chairs, molded stools, molded tables, and molded bay chairs and baby desks. The products are sold in U.P., Punjab, Haryana, Delhi, Rajasthan and across north India. Avro produces products used in Auditoriums, Schools, Colleges, Restaurants, Hotels, Homes, Gardens and others.

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