Asian Energy Services (BOM:530355) ROCE % : 27.94% (As of Mar. 2024)

View and export this data going back to 1995. Start your Free Trial

What is Asian Energy Services 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. Asian Energy Services's annualized ROCE % for the quarter that ended in Mar. 2024 was 27.94%.

Asian Energy Services ROCE % Historical Data

The historical data trend for Asian Energy Services'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.

* Premium members only.

Asian Energy Services ROCE % Chart

Asian Energy Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

25.60

12.73

18.17

-18.68

12.62

Asian Energy Services 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															-12.29	-5.05	2.83	20.32	27.94

Asian Energy Services ROCE % Calculation

Asian Energy Services'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 )
	=	307.385	/	( ( (2967.188 - 922.302)	+	(3844.502 - 1017.915) )	/ 2 )
	=	307.385	/	( (2044.886	+	2826.587)	/ 2 )
	=	307.385	/	2435.7365
	=	12.62 %

Asian Energy Services'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 )
	=	789.608	/	( ( (0 - 0)	+	(3844.502 - 1017.915) )	/ 1 )
	=	789.608	/	( ( 0	+	2826.587 )	/ 1 )
	=	789.608	/	2826.587
	=	27.94 %

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

Asian Energy Services (BOM:530355) 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.

Asian Energy Services ROCE % Related Terms

Thank you for viewing the detailed overview of Asian Energy Services's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Asian Energy Services (BOM:530355) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Asian Energy Services Ltd (BOM:530355) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ASIANENE:India

Address

Eastern Express Highway, 3B, 3rd Floor, Omkar Esquare, Chunabhatti Signal, Sion (East), Mumbai, MH, IND, 400022

Website

https://www.asianoilfield.com

Asian Energy Services Ltd is engaged in providing services in the energy sector including oilfield services. The company specializes in a geophysical range of onshore seismic and drilling services, including acquisition, imaging, and field evaluation and two-dimensional (2D) and three-dimensional (3D) seismic data acquisition services. The group also provides Operations and Maintenance (O&M) services for offshore production assets like Floating Production Unit (FPU), Mobile Offshore Production Unit( MOPU), Floating Production Storage and Offloading (FPSO), Floating Storage and Offloading (FSO). The company has two reportable segments, which are Oil and Gas and Mineral and other energy sectors.

Asian Energy Services (BOM:530355) Headlines

No Headlines