Ascensive Educare (BOM:543443) ROCE % : 30.23% (As of Mar. 2023)

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What is Ascensive Educare 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. Ascensive Educare's annualized ROCE % for the quarter that ended in Mar. 2023 was 30.23%.

Ascensive Educare ROCE % Historical Data

The historical data trend for Ascensive Educare'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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Ascensive Educare ROCE % Chart

Ascensive Educare Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

13.06

21.60

21.40

22.08

21.22

Ascensive Educare Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23
ROCE %	Get a 7-Day Free Trial			-	13.67	28.04	12.50	30.23

Ascensive Educare ROCE % Calculation

Ascensive Educare'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 )
	=	20.251	/	( ( (180.243 - 87.16)	+	(190.932 - 93.138) )	/ 2 )
	=	20.251	/	( (93.083	+	97.794)	/ 2 )
	=	20.251	/	95.4385
	=	21.22 %

Ascensive Educare's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	28.862	/	( ( (164.573 - 71.404)	+	(190.932 - 93.138) )	/ 2 )
	=	28.862	/	( ( 93.169	+	97.794 )	/ 2 )
	=	28.862	/	95.4815
	=	30.23 %

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

Ascensive Educare (BOM:543443) 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.

Ascensive Educare ROCE % Related Terms

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Ascensive Educare (BOM:543443) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Ascensive Educare Ltd (BOM:543443) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

BF-32, 2nd Floor, Sector- I, Salt Lake City, Bidhannagar, Kolkata, WB, IND, 700064

Website

https://www.ascensiveeducare.com

Ascensive Educare Ltd is a responsive and innovative skill development company in Kolkata offering vocational training, and educational consulting in collaboration with Central and State Governments. The Company is exclusively engaged in the business of providing skill development training services.

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