Alkosign (BOM:543453) ROCE % : 41.69% (As of Sep. 2023)

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What is Alkosign 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. Alkosign's annualized ROCE % for the quarter that ended in Sep. 2023 was 41.69%.

Alkosign ROCE % Historical Data

The historical data trend for Alkosign'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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Alkosign ROCE % Chart

Alkosign Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

12.08

-5.38

4.51

Alkosign Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			-0.78	-7.83	0.22	10.32	41.69

Alkosign ROCE % Calculation

Alkosign'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 )
	=	11.204	/	( ( (295.372 - 105.994)	+	(341.185 - 33.528) )	/ 2 )
	=	11.204	/	( (189.378	+	307.657)	/ 2 )
	=	11.204	/	248.5175
	=	4.51 %

Alkosign's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	148.824	/	( ( (341.185 - 33.528)	+	(529.936 - 123.6) )	/ 2 )
	=	148.824	/	( ( 307.657	+	406.336 )	/ 2 )
	=	148.824	/	356.9965
	=	41.69 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Alkosign (BOM:543453) 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.

Alkosign ROCE % Related Terms

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Alkosign (BOM:543453) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Alkosign Ltd (BOM:543453) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

S NO: 12A, MIDC, Near Mother Dairy, Saravli, Bhiwandi, Thane, Mumbai, MH, IND, 421 311

Website

https://www.alkosign.com

Alkosign Ltd is engaged in manufacturing of visual presentation systems namely writing boards/display boards/notice boards of different types along with its associated accessories and stands used for these boards, school benches, desks, and their accessories. The company generates all of its revenue from the sale of goods in the domestic market.

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