Ashirwad Steels & Industries (BOM:526847) ROCE % : 6.63% (As of Mar. 2024)

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What is Ashirwad Steels & Industries 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. Ashirwad Steels & Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.63%.

Ashirwad Steels & Industries ROCE % Historical Data

The historical data trend for Ashirwad Steels & Industries'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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Ashirwad Steels & Industries ROCE % Chart

Ashirwad Steels & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-5.86

-0.53

8.43

26.74

4.08

Ashirwad Steels & Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.87	2.23	3.45	3.96	6.63

Ashirwad Steels & Industries ROCE % Calculation

Ashirwad Steels & Industries'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 )
	=	32.483	/	( ( (783.856 - 0.044)	+	(809.423 - 0.929) )	/ 2 )
	=	32.483	/	( (783.812	+	808.494)	/ 2 )
	=	32.483	/	796.153
	=	4.08 %

Ashirwad Steels & Industries'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 )
	=	53.588	/	( ( (0 - 0)	+	(809.423 - 0.929) )	/ 1 )
	=	53.588	/	( ( 0	+	808.494 )	/ 1 )
	=	53.588	/	808.494
	=	6.63 %

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

Ashirwad Steels & Industries (BOM:526847) 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.

Ashirwad Steels & Industries ROCE % Related Terms

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Ashirwad Steels & Industries (BOM:526847) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ashirwad Steels & Industries Ltd (BOM:526847) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

6, Waterloo Street, 5th Floor, Suite No. 506, Kolkata, WB, IND, 700069

Website

https://www.ashirwadsteels.com

Ashirwad Steels & Industries Ltd is an Indian based company that operates in the sponge iron business. It is involved in the manufacturing of sponge iron using iron-ore and coal as the raw materials. The sponge iron is used as input by the steel melting shops to produce ingots and billets which are thereafter re-rolled by the rolling mills to produce end steel products like Rods, Bars, Plain Rounds, Angles, Flats, Channels, Girders and others. Geographically, the business activity is carried out through the region of India and derives revenue through the sale of products.

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