Avantel (BOM:532406) ROCE % : 35.75% (As of Mar. 2024)

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What is Avantel 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. Avantel's annualized ROCE % for the quarter that ended in Mar. 2024 was 35.75%.

Avantel ROCE % Historical Data

The historical data trend for Avantel'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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Avantel ROCE % Chart

Avantel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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26.56

29.84

29.33

41.37

53.11

Avantel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															40.10	57.73	77.62	68.85	35.75

Avantel ROCE % Calculation

Avantel'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 )
	=	748.224	/	( ( (1494.714 - 384.607)	+	(2158.454 - 451.157) )	/ 2 )
	=	748.224	/	( (1110.107	+	1707.297)	/ 2 )
	=	748.224	/	1408.702
	=	53.11 %

Avantel'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 )
	=	610.372	/	( ( (0 - 0)	+	(2158.454 - 451.157) )	/ 1 )
	=	610.372	/	( ( 0	+	1707.297 )	/ 1 )
	=	610.372	/	1707.297
	=	35.75 %

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

Avantel (BOM:532406) 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.

Avantel ROCE % Related Terms

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Avantel (BOM:532406) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Avantel Ltd (BOM:532406) » Definitions » ROCE %

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Address

Survey No’s. 66 & 67, Jubilee Enclave, Plot No. 68 & 69, Jubilee Heights, 4th floor, Madhapur, Hyderabad, TG, IND, 500081

Website

https://www.avantel.in

Avantel Ltd is engaged in the business of manufacturing telecom products and provides related customer support services. It caters to both domestic and international markets. It specializes in integrating technologies related to the wireless front end, satellite communication, embedded systems, signal processing, network management, and software development. It offers wireless, Satcom products, wireless products, software solutions, and services. It caters to defense, railway, and marine industries.

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