Asahi Industries (BOM:514482) ROCE %: -3.93% (As of Jun. 2021)

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BOM:514482 Asahi Industries Ltd BOM:514482
4 GF Score
Price ₹5.09
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What is Asahi Industries ROCE %?

Asahi Industries BOM:514482 4 ROCE % is -3.93% as of Jun. 2021. GuruFocus rates BOM:514482 with a GF Score™ of 4/100.

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. Asahi Industries's annualized ROCE % for the quarter that ended in Jun. 2021 was -3.93%.

Asahi Industries  (BOM:514482) 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.

Asahi Industries ROCE % Related Terms

Asahi Industries ROCE % Historical Data

* Premium members only.

The historical data trend for Asahi 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.

Asahi Industries ROCE % Chart

Asahi Industries Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.06 -12.79 -7.59 -4.05 -4.68

Asahi Industries Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Dec19 Mar20 Jun20 Dec20 Mar21 Jun21
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -3.73 0.00 0.00 -3.93
BOM:514482
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Asahi Industries Ltd BOM:514482
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Asahi Industries ROCE % Calculation

Asahi Industries's annualized ROCE % for the fiscal year that ended in Mar. 2021 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2021 )  (A: Mar. 2020 )(A: Mar. 2021 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2021 )  (A: Mar. 2020 )(A: Mar. 2021 )
=-23.091/( ( (577.129 - 70.257) + (557.343 - 77.615) )/ 2 )
=-23.091/( (506.872+479.728)/ 2 )
=-23.091/493.3
=-4.68 %

Asahi Industries's ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2021 )  (Q: Mar. 2021 )(Q: Jun. 2021 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2021 )  (Q: Mar. 2021 )(Q: Jun. 2021 )
=-18.876/( ( (557.343 - 77.615) + (0 - 0) )/ 1 )
=-18.876/( ( 479.728 + 0 )/ 1 )
=-18.876/479.728
=-3.93 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2021) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -3.93% mean?
Asahi Industries (BOM:514482) has a ROCE % of -3.93% as of Jun. 2021.
Is Asahi Industries' ROCE % too high?
Asahi Industries' current ROCE % is -3.93%. Overall, Asahi Industries has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Asahi Industries' ROCE % compare to AIN?
Asahi Industries' ROCE % of -3.93% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.14. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Manufacturing - Apparel & Accessories company?
The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.14, based on 1,041 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asahi Industries's current ROCE % is -3.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asahi Industries stock overvalued right now?
Asahi Industries (BOM:514482) has a current ROCE % of -3.93%. The current ROCE % is -3.93%. Asahi Industries' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Asahi Industries (BOM:514482), the current ROCE % is -3.93% as of Jun. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Asahi Industries Business Description

Address 396, Veer Savarkar Marg, Ground Floor, Kamat Industrial Estate, Prabhadevi, Mumbai, MH, IND, 400025
Asahi Industries Ltd manufactures and exports cotton and polyester yarn.
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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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