Ahmedabad Steelcraft (BOM:522273) ROCE % : -1.85% (As of Dec. 2023)

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What is Ahmedabad Steelcraft 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. Ahmedabad Steelcraft's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.85%.

Ahmedabad Steelcraft ROCE % Historical Data

The historical data trend for Ahmedabad Steelcraft'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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Ahmedabad Steelcraft ROCE % Chart

Ahmedabad Steelcraft Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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4.80

-2.70

-1.26

-2.06

-2.40

Ahmedabad Steelcraft 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															-2.84	1.79	-2.22	-12.13	-1.85

Ahmedabad Steelcraft ROCE % Calculation

Ahmedabad Steelcraft'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 )
	=	-6.152	/	( ( (261.52 - 2.895)	+	(259.306 - 5.235) )	/ 2 )
	=	-6.152	/	( (258.625	+	254.071)	/ 2 )
	=	-6.152	/	256.348
	=	-2.40 %

Ahmedabad Steelcraft'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 )
	=	-4.616	/	( ( (255.444 - 6.017)	+	(0 - 0) )	/ 1 )
	=	-4.616	/	( ( 249.427	+	0 )	/ 1 )
	=	-4.616	/	249.427
	=	-1.85 %

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

Ahmedabad Steelcraft (BOM:522273) 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.

Ahmedabad Steelcraft ROCE % Related Terms

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Ahmedabad Steelcraft (BOM:522273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ahmedabad Steelcraft Ltd (BOM:522273) » Definitions » ROCE %

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Address

Ambli Bopal Road, 604, North Tower, One-42 Complex, Behind Ashok Vatika, Near Jayantilal Park BRTS, Ahmedabad, GJ, IND, 380 006

Website

http://www.steelcraft.co.in

Ahmedabad Steelcraft Ltd is engaged in the business of trading and exporting of steel windows and door sections. It offers various kinds of mild steel products, such as Sections, Angles, Flats, Flat bars and squares, Rounds, Beams, Channels, and Plates. The products are used in various industries like the steel angles are used in constructions, transmission and telecommunication towers and architectural applications; Steel Flat Bars are versatile product commonly used in fabrication work, for making frames and structures; and whereas the Plates have usages in a wide variety of application in all sectors of the Engineering Industries.

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