Aksh Optifibre (BOM:532351) ROCE % : -28.32% (As of Dec. 2024)

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What is Aksh Optifibre 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. Aksh Optifibre's annualized ROCE % for the quarter that ended in Dec. 2024 was -28.32%.

Aksh Optifibre ROCE % Historical Data

The historical data trend for Aksh Optifibre'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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Aksh Optifibre ROCE % Chart

Aksh Optifibre Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-74.34

0.15

19.69

8.21

-70.13

Aksh Optifibre 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															-3.13	-412.08	-20.35	-41.32	-28.32

Aksh Optifibre ROCE % Calculation

Aksh Optifibre'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 )
	=	-609.088	/	( ( (3796.28 - 2696.638)	+	(3320.56 - 2683.176) )	/ 2 )
	=	-609.088	/	( (1099.642	+	637.384)	/ 2 )
	=	-609.088	/	868.513
	=	-70.13 %

Aksh Optifibre'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 )
	=	-127.448	/	( ( (3129.623 - 2679.581)	+	(0 - 0) )	/ 1 )
	=	-127.448	/	( ( 450.042	+	0 )	/ 1 )
	=	-127.448	/	450.042
	=	-28.32 %

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

Aksh Optifibre (BOM:532351) 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.

Aksh Optifibre ROCE % Related Terms

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Aksh Optifibre Business Description

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AKSHOPTFBR:India

Address

Mathura Road, A-32, 2nd Floor, Mohan Co-operative Industrial Estate, New Delhi, IND, 110044

Website

https://www.akshoptifibre.com

Aksh Optifibre Ltd engages in the manufacture and sale of optical fiber, optical fiber cable, fiber-reinforced plastic rods, impregnated glass roving reinforcement, and ophthalmic lenses. The company also offers various services, which include Duct Cables, Armoured, FTTH solutions, and networking. The company operates through Manufacturing and Services segments. The company also provides Internet Protocol Television services in association with MTNL in the cities of Delhi and Mumbai, and IPTV services with BSNL in cities of North India. The Manufacturing segment generates the majority of the firm's revenue.

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