Alicon Castalloy (BOM:531147) ROCE % : 21.38% (As of Mar. 2024)

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What is Alicon Castalloy 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. Alicon Castalloy's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.38%.

Alicon Castalloy ROCE % Historical Data

The historical data trend for Alicon Castalloy'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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Alicon Castalloy ROCE % Chart

Alicon Castalloy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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14.31

7.22

11.02

15.26

18.18

Alicon Castalloy 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															10.58	13.93	17.40	19.83	21.38

Alicon Castalloy ROCE % Calculation

Alicon Castalloy'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 )
	=	1215.848	/	( ( (10875.645 - 4655.155)	+	(12302.08 - 5148.258) )	/ 2 )
	=	1215.848	/	( (6220.49	+	7153.822)	/ 2 )
	=	1215.848	/	6687.156
	=	18.18 %

Alicon Castalloy'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 )
	=	1529.356	/	( ( (0 - 0)	+	(12302.08 - 5148.258) )	/ 1 )
	=	1529.356	/	( ( 0	+	7153.822 )	/ 1 )
	=	1529.356	/	7153.822
	=	21.38 %

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

Alicon Castalloy (BOM:531147) 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.

Alicon Castalloy ROCE % Related Terms

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Alicon Castalloy (BOM:531147) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Alicon Castalloy Ltd (BOM:531147) » Definitions » ROCE %

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ALICON:India

Address

Gat No. 1426, Village - Shikrapur, Taluka Shirur, Pune, MH, IND, 412 208

Website

https://www.alicongroup.co.in

Alicon Castalloy Ltd is an India-based supplier of light alloy casting solutions. The company, along with its subsidiaries, is engaged in designing, engineering, casting, machining and assembly, painting and surface treatment of aluminum components. It manufactures aluminum alloy die castings mainly used in the automotive segment of the industry. The firm offers auto components, such as cylinder heads, engine and transmission brackets, bridge fork top, intake manifold, swing arm, and other components, and non-auto components, such as agricultural, aerospace and marine, locomotive, infrastructure, energy, defense, and medical and health components. Geographically, it derives a majority of its revenue from India.

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