Australian Premium Solar (India) (NSE:APS) ROCE % : 31.63% (As of Mar. 2023)

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What is Australian Premium Solar (India) 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. Australian Premium Solar (India)'s annualized ROCE % for the quarter that ended in Mar. 2023 was 31.63%.

Australian Premium Solar (India) ROCE % Historical Data

The historical data trend for Australian Premium Solar (India)'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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Australian Premium Solar (India) ROCE % Chart

Australian Premium Solar (India) Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

22.47

30.63

31.63

Australian Premium Solar (India) Semi-Annual Data
	Mar21	Mar22	Mar23
ROCE %	22.47	30.63	31.63

Australian Premium Solar (India) ROCE % Calculation

Australian Premium Solar (India)'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 )
	=	47.998	/	( ( (346.837 - 208.892)	+	(391.89 - 226.346) )	/ 2 )
	=	47.998	/	( (137.945	+	165.544)	/ 2 )
	=	47.998	/	151.7445
	=	31.63 %

Australian Premium Solar (India)'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: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	47.998	/	( ( (346.837 - 208.892)	+	(391.89 - 226.346) )	/ 2 )
	=	47.998	/	( ( 137.945	+	165.544 )	/ 2 )
	=	47.998	/	151.7445
	=	31.63 %

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

Australian Premium Solar (India) (NSE:APS) 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.

Australian Premium Solar (India) ROCE % Related Terms

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Australian Premium Solar (India) (NSE:APS) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Australian Premium Solar (India) Ltd (NSE:APS) » Definitions » ROCE %

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Australian Premium Solar (India) Ltd is engaged in the manufacturing of Solar Panels and EPC Services of solar systems. It manufactures two types of solar panels: (i) Monocrystalline Solar Panel; and (ii) Polycrystalline Solar Panel. It also provide installation services for solar panels and solar pumps. Majority of the revenue is generated from manufacturing of solar panels.

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