Ambuja Cements (BOM:500425) ROCE % : 14.49% (As of Dec. 2023)

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What is Ambuja Cements 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. Ambuja Cements's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.49%.

Ambuja Cements ROCE % Historical Data

The historical data trend for Ambuja Cements'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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Ambuja Cements ROCE % Chart

Ambuja Cements Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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8.58

11.41

11.09

13.46

13.40

Ambuja Cements Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															11.05	0.93	-	13.37	14.49

Ambuja Cements ROCE % Calculation

Ambuja Cements's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	41257.8	/	( ( (401823.4 - 90703.1)	+	(397207 - 92604) )	/ 2 )
	=	41257.8	/	( (311120.3	+	304603)	/ 2 )
	=	41257.8	/	307861.65
	=	13.40 %

Ambuja Cements'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 )
	=	60730.4	/	( ( (533804.5 - 114781)	+	(0 - 0) )	/ 1 )
	=	60730.4	/	( ( 419023.5	+	0 )	/ 1 )
	=	60730.4	/	419023.5
	=	14.49 %

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

Ambuja Cements (BOM:500425) 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.

Ambuja Cements ROCE % Related Terms

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Ambuja Cements (BOM:500425) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ambuja Cements Ltd (BOM:500425) » Definitions » ROCE %

Traded in Other Exchanges

AMBUJACEM:India

Address

MIDC Cross Road ‘B’, Off Andheri-Kurla Road, Elegant Business Park, Andheri (East), Mumbai, MH, IND, 400059

Website

https://www.ambujacement.com

Ambuja Cements Ltd manufactures and sells cement, concrete, and cement-related products to the building and construction industries. The company's portfolio of products includes Portland Pozolona cement and ordinary Portland cement. The vast majority of the firm's revenue is generated in India. Ambuja Cements has operations throughout India and uses a network of ports, bulk cement terminals, captive ships, and railroads to transport its products to both warehouses and directly to customers. The company also has a technical services team that partners with customers to teach concrete mixing and curing techniques.

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