Antariksh Industries (BOM:501270) ROCE % : 50.35% (As of Mar. 2024)

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What is Antariksh 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. Antariksh Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 50.35%.

Antariksh Industries ROCE % Historical Data

The historical data trend for Antariksh 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.

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Antariksh Industries ROCE % Chart

Antariksh Industries Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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29.03

11.99

16.17

31.28

22.82

Antariksh Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															105.28	50.15	6.44	-15.53	50.35

Antariksh Industries ROCE % Calculation

Antariksh 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 )
	=	2.24	/	( ( (27.165 - 18.176)	+	(46.367 - 35.721) )	/ 2 )
	=	2.24	/	( (8.989	+	10.646)	/ 2 )
	=	2.24	/	9.8175
	=	22.82 %

Antariksh 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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	5.36	/	( ( (0 - 0)	+	(46.367 - 35.721) )	/ 1 )
	=	5.36	/	( ( 0	+	10.646 )	/ 1 )
	=	5.36	/	10.646
	=	50.35 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Antariksh Industries (BOM:501270) 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.

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Antariksh Industries (BOM:501270) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Antariksh Industries Ltd (BOM:501270) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cardinal Gracious Road, Office No. 609, 6th Floor, Inizio, Opposite P & G Plaza, Chakala, Andheri (East), Mumbai, MH, IND, 400099

Website

http://www.antarikshindustries.com

Antariksh Industries Ltd is a real estate company. The company is engaged in the execution of real estate & trading activities. All of the firm's revenue is generated from India.

Antariksh Industries (BOM:501270) Headlines

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