Associated Ceramics (BOM:531168) ROCE % : 28.84% (As of Jun. 2024)

View and export this data going back to 1995. Start your Free Trial

What is Associated Ceramics 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. Associated Ceramics's annualized ROCE % for the quarter that ended in Jun. 2024 was 28.84%.

Associated Ceramics ROCE % Historical Data

The historical data trend for Associated Ceramics'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.

* Premium members only.

Associated Ceramics ROCE % Chart

Associated Ceramics Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

23.23

22.39

22.74

23.11

7.79

Associated Ceramics Quarterly Data
	Mar17	Mar18	Mar19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial														27.52	-5.65	-	0.80	28.84

Associated Ceramics ROCE % Calculation

Associated Ceramics'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 )
	=	20.769	/	( ( (473.154 - 165.935)	+	(475.335 - 249.65) )	/ 2 )
	=	20.769	/	( (307.219	+	225.685)	/ 2 )
	=	20.769	/	266.452
	=	7.79 %

Associated Ceramics's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	65.084	/	( ( (475.335 - 249.65)	+	(0 - 0) )	/ 1 )
	=	65.084	/	( ( 225.685	+	0 )	/ 1 )
	=	65.084	/	225.685
	=	28.84 %

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

Associated Ceramics (BOM:531168) 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.

Associated Ceramics ROCE % Related Terms

Thank you for viewing the detailed overview of Associated Ceramics's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Associated Ceramics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Associated Ceramics Ltd (BOM:531168) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

17, Ganesh Chandra Avenue, 4th Floor, Kolkata, WB, IND, 700013

Website

https://www.associatedceremics.com

Associated Ceramics Ltd is a manufacturer of heat containment products. The company supplies its products to the manufacturer of glass, iron and steel, cement, aluminum, coke oven, and graphite electrode industries across India and internationally. It derives maximum revenue from Refractory Items.

Associated Ceramics Headlines

No Headlines