Lanka Ashok Leyland (COL:ASHO.N0000) ROCE % : 31.66% (As of Mar. 2024)

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What is Lanka Ashok Leyland 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. Lanka Ashok Leyland's annualized ROCE % for the quarter that ended in Mar. 2024 was 31.66%.

Lanka Ashok Leyland ROCE % Historical Data

The historical data trend for Lanka Ashok Leyland'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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Lanka Ashok Leyland ROCE % Chart

Lanka Ashok Leyland Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.31

5.58

12.85

2.72

29.34

Lanka Ashok Leyland 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															10.32	2.31	28.97	53.96	31.66

Lanka Ashok Leyland ROCE % Calculation

Lanka Ashok Leyland'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 )
	=	1263.518	/	( ( (5121.568 - 1166.893)	+	(7584.957 - 2926.724) )	/ 2 )
	=	1263.518	/	( (3954.675	+	4658.233)	/ 2 )
	=	1263.518	/	4306.454
	=	29.34 %

Lanka Ashok Leyland'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 )
	=	1455.148	/	( ( (7016.086 - 2480.723)	+	(7584.957 - 2926.724) )	/ 2 )
	=	1455.148	/	( ( 4535.363	+	4658.233 )	/ 2 )
	=	1455.148	/	4596.798
	=	31.66 %

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

Lanka Ashok Leyland (COL:ASHO.N0000) 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.

Lanka Ashok Leyland ROCE % Related Terms

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Lanka Ashok Leyland (COL:ASHO.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lanka Ashok Leyland PLC (COL:ASHO.N0000) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Panagoda, Homagama, Colombo, LKA

Website

https://www.lal.lk

Lanka Ashok Leyland PLC is engaged in importing and marketing of Ashok Leyland buses, trucks, truck chassis, spare parts, power generators, and accessories. The company also carries out repairs and restoration of commercial vehicles including body fabrication on goods and passenger chassis. The firm builds the truck body for specific requirements and the building of driver's cabins. Besides, the firm assembles and manufactures Ashok Leyland vehicles with technical assistance from Ashok Leyland. The company solely operates in Sri Lanka.

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