Apollo Micro Systems (BOM:540879) ROCE % : 18.86% (As of Dec. 2023)

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What is Apollo Micro Systems 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 Micro Systems's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.86%.

Apollo Micro Systems ROCE % Historical Data

The historical data trend for Apollo Micro Systems'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 Micro Systems ROCE % Chart

Apollo Micro Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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14.74

11.96

7.95

11.26

13.66

Apollo Micro Systems 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															17.78	18.20	10.01	13.84	18.86

Apollo Micro Systems ROCE % Calculation

Apollo Micro Systems'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 )
	=	515.867	/	( ( (5992.053 - 2578.467)	+	(6926.312 - 2789.686) )	/ 2 )
	=	515.867	/	( (3413.586	+	4136.626)	/ 2 )
	=	515.867	/	3775.106
	=	13.66 %

Apollo Micro Systems'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 )
	=	866.832	/	( ( (7716.541 - 3119.649)	+	(0 - 0) )	/ 1 )
	=	866.832	/	( ( 4596.892	+	0 )	/ 1 )
	=	866.832	/	4596.892
	=	18.86 %

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

Apollo Micro Systems (BOM:540879) 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 Micro Systems ROCE % Related Terms

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Apollo Micro Systems (BOM:540879) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Apollo Micro Systems Ltd (BOM:540879) » Definitions » ROCE %

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APOLLO:India

Address

Plot No 128/A, Road No. 12, BEL Road, IDA Mallapur, Uppal Mandal, Rangareddy, Hyderabad, TG, IND, 500076

Website

https://apollo-micro.com

Apollo Micro Systems Ltd offers design, development, and assembly of custom-built electronics and electro-mechanical solutions. The company sells high-performance, mission and time-critical solutions to Space and Home Land Security, Aviation, Aerospace, Avionics, Defence and naval. It offers a wide range of services such as electronic manufacturing, hardware design services, IT and software services, electronic and mechanical- CAD services.

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