Apollo Pipes (BOM:531761) ROCE % : 10.07% (As of Mar. 2024)

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What is Apollo Pipes 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. Apollo Pipes's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.07%.

Apollo Pipes ROCE % Historical Data

The historical data trend for Apollo Pipes'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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Apollo Pipes ROCE % Chart

Apollo Pipes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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13.61

18.24

18.08

9.44

12.16

Apollo Pipes Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.72	19.49	14.16	9.71	10.07

Apollo Pipes ROCE % Calculation

Apollo Pipes'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 )
	=	698.932	/	( ( (6619.5 - 1983.5)	+	(10105.996 - 3244.214) )	/ 2 )
	=	698.932	/	( (4636	+	6861.782)	/ 2 )
	=	698.932	/	5748.891
	=	12.16 %

Apollo Pipes'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 )
	=	691.216	/	( ( (0 - 0)	+	(10105.996 - 3244.214) )	/ 1 )
	=	691.216	/	( ( 0	+	6861.782 )	/ 1 )
	=	691.216	/	6861.782
	=	10.07 %

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

Apollo Pipes (BOM:531761) 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.

Apollo Pipes ROCE % Related Terms

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Apollo Pipes (BOM:531761) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Apollo Pipes Ltd (BOM:531761) » Definitions » ROCE %

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APOLLOPIPE:India

Address

A-140, Sector 136, Noida, UP, IND, 201301

Website

https://www.apollopipes.com

Apollo Pipes Ltd is engaged in the business of manufacturing a wide variety of pipes and related products used for agriculture, building and construction, and industrial purposes. The product portfolio includes CPVC pipes and fittings, uPVC and fittings (Threaded and Non-Threaded), SWR pipes and fittings, Sewerage pipes, HDPE pipes and fittings, Sprinkler System, uPVC pressure pipes and fittings, uPVC column pipes and Solvent cement.

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