Worldwide Aluminium (BOM:526525) ROCE % : -5.61% (As of Dec. 2023)

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What is Worldwide Aluminium 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. Worldwide Aluminium's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.61%.

Worldwide Aluminium ROCE % Historical Data

The historical data trend for Worldwide Aluminium'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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Worldwide Aluminium ROCE % Chart

Worldwide Aluminium Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-12.41

-5.08

0.20

0.32

0.03

Worldwide Aluminium Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															10.96	-4.35	-14.08	-5.47	-5.61

Worldwide Aluminium ROCE % Calculation

Worldwide Aluminium'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 )
	=	0.016	/	( ( (61.991 - 0.427)	+	(61.905 - 0.349) )	/ 2 )
	=	0.016	/	( (61.564	+	61.556)	/ 2 )
	=	0.016	/	61.56
	=	0.03 %

Worldwide Aluminium's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-3.264	/	( ( (58.874 - 0.248)	+	(58.408 - 0.608) )	/ 2 )
	=	-3.264	/	( ( 58.626	+	57.8 )	/ 2 )
	=	-3.264	/	58.213
	=	-5.61 %

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

Worldwide Aluminium (BOM:526525) 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.

Worldwide Aluminium ROCE % Related Terms

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Worldwide Aluminium (BOM:526525) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Worldwide Aluminium Ltd (BOM:526525) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

602, Rohit House, 3, Tolstoy Marg, Connaught Place, New Delhi, IND, 110001

Website

http://www.wwal.in

Worldwide Aluminium Ltd is engaged in the Trading of aluminium foils, aluminium sheets, strips, coils, and PP caps. The company generates its revenue from the sale of aluminium coils in the domestic region.

Worldwide Aluminium (BOM:526525) Headlines

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