Ador Welding (BOM:517041) ROCE % : 28.44% (As of Mar. 2024)

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What is Ador Welding 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. Ador Welding's annualized ROCE % for the quarter that ended in Mar. 2024 was 28.44%.

Ador Welding ROCE % Historical Data

The historical data trend for Ador Welding'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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Ador Welding ROCE % Chart

Ador Welding Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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15.14

-3.06

23.32

26.27

25.48

Ador Welding 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															36.95	19.01	31.96	24.00	28.44

Ador Welding ROCE % Calculation

Ador Welding'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 )
	=	895.7	/	( ( (4516.8 - 1202.3)	+	(5206.1 - 1490.1) )	/ 2 )
	=	895.7	/	( (3314.5	+	3716)	/ 2 )
	=	895.7	/	3515.25
	=	25.48 %

Ador Welding'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 )
	=	1056.8	/	( ( (0 - 0)	+	(5206.1 - 1490.1) )	/ 1 )
	=	1056.8	/	( ( 0	+	3716 )	/ 1 )
	=	1056.8	/	3716
	=	28.44 %

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

Ador Welding (BOM:517041) 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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Ador Welding (BOM:517041) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ador Welding Ltd (BOM:517041) » Definitions » ROCE %

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ADORWELD:India

Address

Ador House, 6, K. Dubash Marg, Fort, 4th Floor, Mumbai, MH, IND, 400001

Website

https://www.adorwelding.com

Ador Welding Ltd is a welding and cutting solution provider company offering welding consumables, and equipment, automation solutions, and skill development. The strategic business units are welding electrodes, wires and fluxes, welding and cutting equipment, gas cutting, PPE and accessories and CNC machines, project engineering solutions, and welding automation. Its business segments are Consumables; Equipment and automation and Flares and Process Equipment. The company generates maximum revenue from the Consumables segment.

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