Abans Enterprises (BOM:512165) ROCE % : 25.86% (As of Dec. 2023)

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What is Abans Enterprises 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. Abans Enterprises's annualized ROCE % for the quarter that ended in Dec. 2023 was 25.86%.

Abans Enterprises ROCE % Historical Data

The historical data trend for Abans Enterprises'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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Abans Enterprises ROCE % Chart

Abans Enterprises Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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13.00

91.49

29.35

15.19

9.89

Abans Enterprises 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															13.96	7.28	15.95	8.92	25.86

Abans Enterprises ROCE % Calculation

Abans Enterprises'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 )
	=	228.909	/	( ( (3238.935 - 496.247)	+	(3101.434 - 1216.955) )	/ 2 )
	=	228.909	/	( (2742.688	+	1884.479)	/ 2 )
	=	228.909	/	2313.5835
	=	9.89 %

Abans Enterprises'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 )
	=	508.376	/	( ( (4022.428 - 2056.453)	+	(0 - 0) )	/ 1 )
	=	508.376	/	( ( 1965.975	+	0 )	/ 1 )
	=	508.376	/	1965.975
	=	25.86 %

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

Abans Enterprises (BOM:512165) 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.

Abans Enterprises ROCE % Related Terms

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Abans Enterprises (BOM:512165) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Abans Enterprises Ltd (BOM:512165) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

227 Nariman Bhavan, 36, 37, 38A, 3rd Floor, Backbay Reclamation, Nariman Point, Mumbai, MH, IND, 400 021

Website

http://www.abansenterprises.com

Abans Enterprises Ltd is involved in the business of trading, processing, broking, and consulting in commodities, agricultural products, precious metals, shares, and derivatives in electronic exchanges. The company's operating segment includes General Trading of commodities and Trading in Derivatives. It generates maximum revenue from the General Trading of commodities segment.

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