Automobile of GOA (BOM:505036) ROCE % : 9.79% (As of Dec. 2024)

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What is Automobile of GOA 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. Automobile of GOA's annualized ROCE % for the quarter that ended in Dec. 2024 was 9.79%.

Automobile of GOA ROCE % Historical Data

The historical data trend for Automobile of GOA'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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Automobile of GOA ROCE % Chart

Automobile of GOA Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.54

-8.90

1.97

19.53

23.46

Automobile of GOA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															24.32	24.86	41.73	15.52	9.79

Automobile of GOA ROCE % Calculation

Automobile of GOA'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 )
	=	511.503	/	( ( (3363.504 - 1323.235)	+	(3729.141 - 1408.699) )	/ 2 )
	=	511.503	/	( (2040.269	+	2320.442)	/ 2 )
	=	511.503	/	2180.3555
	=	23.46 %

Automobile of GOA's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	243.992	/	( ( (3692.59 - 1199.537)	+	(0 - 0) )	/ 1 )
	=	243.992	/	( ( 2493.053	+	0 )	/ 1 )
	=	243.992	/	2493.053
	=	9.79 %

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

Automobile of GOA (BOM:505036) 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.

Automobile of GOA ROCE % Related Terms

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Automobile of GOA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Automobile Corp of GOA Ltd (BOM:505036) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Honda, Sattari, Panaji, GA, IND, 403530

Website

https://www.acglgoa.com

Automobile Corp of GOA Ltd is engaged in the manufacture of pressed parts, components, and sub-assemblies for various ranges of automobiles, and the manufacture of bus bodies and parts thereof. It operates through two segments: The pressing Division and the Bus body Building Division. The Pressing Division segment is engaged in the manufacture of pressed parts, components, sub-assemblies, and assemblies. The Bus Body division segment, which generates the majority of revenue, is engaged in the manufacturing of bus bodies and parts for bus bodies.

Automobile of GOA Headlines

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