Ashapuri Gold Ornament (BOM:542579) ROCE % : 19.05% (As of Mar. 2024)

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What is Ashapuri Gold Ornament 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. Ashapuri Gold Ornament's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.05%.

Ashapuri Gold Ornament ROCE % Historical Data

The historical data trend for Ashapuri Gold Ornament'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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Ashapuri Gold Ornament ROCE % Chart

Ashapuri Gold Ornament Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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1.48

5.57

5.34

3.34

12.13

Ashapuri Gold Ornament Quarterly Data
	Mar18	Nov18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.63	3.44	11.82	13.98	19.05

Ashapuri Gold Ornament ROCE % Calculation

Ashapuri Gold Ornament'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 )
	=	104.762	/	( ( (907.104 - 80.498)	+	(954.419 - 54.279) )	/ 2 )
	=	104.762	/	( (826.606	+	900.14)	/ 2 )
	=	104.762	/	863.373
	=	12.13 %

Ashapuri Gold Ornament'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 )
	=	171.44	/	( ( (0 - 0)	+	(954.419 - 54.279) )	/ 1 )
	=	171.44	/	( ( 0	+	900.14 )	/ 1 )
	=	171.44	/	900.14
	=	19.05 %

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

Ashapuri Gold Ornament (BOM:542579) 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.

Ashapuri Gold Ornament ROCE % Related Terms

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Ashapuri Gold Ornament (BOM:542579) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ashapuri Gold Ornament Ltd (BOM:542579) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

C.G. Road, 109 to 112A, 1st Floor Supermall, Near Lal Bunglow, Ahmedabad, GJ, IND, 380009

Website

https://www.ashapurigold.com

Ashapuri Gold Ornament Ltd Is a manufacturer and wholesaler of gold jewellery. It offers a wide range of jewellery products in 22-carat gold ornaments such as Choker Set, Toda Set, Long Set, Pota Jewellery, Saloya, and Bracelet. In addition, it also offers Temple Collection, Moti Set, BikaneriMeena and RaniHaar.

Ashapuri Gold Ornament (BOM:542579) Headlines

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