Ashtasidhhi Industries (BOM:531341) ROCE % : -0.24% (As of Dec. 2024)

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What is Ashtasidhhi 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. Ashtasidhhi Industries's annualized ROCE % for the quarter that ended in Dec. 2024 was -0.24%.

Ashtasidhhi Industries ROCE % Historical Data

The historical data trend for Ashtasidhhi 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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Ashtasidhhi Industries ROCE % Chart

Ashtasidhhi Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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3.29

0.58

0.40

0.49

-3.89

Ashtasidhhi Industries 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															-0.64	-16.89	2.84	-0.02	-0.24

Ashtasidhhi Industries ROCE % Calculation

Ashtasidhhi 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 )
	=	-4.029	/	( ( (106.09 - 0.48)	+	(102.243 - 0.537) )	/ 2 )
	=	-4.029	/	( (105.61	+	101.706)	/ 2 )
	=	-4.029	/	103.658
	=	-3.89 %

Ashtasidhhi Industries'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 )
	=	-0.24	/	( ( (103.169 - 1.205)	+	(0 - 0) )	/ 1 )
	=	-0.24	/	( ( 101.964	+	0 )	/ 1 )
	=	-0.24	/	101.964
	=	-0.24 %

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

Ashtasidhhi Industries (BOM:531341) 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.

Ashtasidhhi Industries ROCE % Related Terms

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Ashtasidhhi Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ashtasidhhi Industries Ltd (BOM:531341) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

252, New Cloth Market, Opposite Raipur Gate, Ahmedabad, GJ, IND, 380002

Website

https://www.gujaratinvesta.com

Ashtasidhhi Industries Ltd Formerly Gujarat Investa Ltd operates as a non-banking finance company in India. It is engaged in the finance, investment and leasing businesses, as well as the hire or acquisition of immovable or movable property. It has primary segments for revenue generation in finance. The company generates revenue from Interest income, Dividends received and the sale of Investments.

Ashtasidhhi Industries Headlines

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