Aeroflex Industries (NSE:AEROFLEX) ROCE % : 19.30% (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Aeroflex Industries 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. Aeroflex Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.30%.

Aeroflex Industries ROCE % Historical Data

The historical data trend for Aeroflex Industries'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.

* Premium members only.

Aeroflex Industries ROCE % Chart

Aeroflex Industries Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

16.00

17.74

41.88

36.72

27.69

Aeroflex Industries Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			-	42.16	31.68	31.21	19.30

Aeroflex Industries ROCE % Calculation

Aeroflex Industries'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 )
	=	593.889	/	( ( (2139.77 - 789.32)	+	(3749.695 - 810.368) )	/ 2 )
	=	593.889	/	( (1350.45	+	2939.327)	/ 2 )
	=	593.889	/	2144.8885
	=	27.69 %

Aeroflex Industries'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	548.584	/	( ( (3471.307 - 726.157)	+	(3749.695 - 810.368) )	/ 2 )
	=	548.584	/	( ( 2745.15	+	2939.327 )	/ 2 )
	=	548.584	/	2842.2385
	=	19.30 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Aeroflex Industries (NSE:AEROFLEX) 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.

Aeroflex Industries ROCE % Related Terms

Thank you for viewing the detailed overview of Aeroflex Industries's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Aeroflex Industries (NSE:AEROFLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aeroflex Industries Ltd (NSE:AEROFLEX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

543972:India

Address

Plot No. 41, 42/13, 42/14 & 42/18, Village Chal, Behind IGPL, near Taloja MIDC, Panvel, Navi Mumbai, MH, IND, 410 208

Website

https://www.aeroflexindia.com

Aeroflex Industries Ltd is a manufacturer and supplier of environment-friendly metallic flexible flow solution products catering to global as well as domestic markets. It supply products to a wide spectrum of industries for the controlled flow of all forms of substances including air, liquid, and solid, Solution products are required in fire sprinklers, gas supply, the flow of air (conditioned/controlled) in aircraft, fueling and hydraulics in aircraft. The company exports its products to more than 80 countries including Europe, the USA and others.

Aeroflex Industries (NSE:AEROFLEX) Headlines

No Headlines