Astra Microwave Products (BOM:532493) ROCE % : 28.26% (As of Dec. 2023)

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What is Astra Microwave Products 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. Astra Microwave Products's annualized ROCE % for the quarter that ended in Dec. 2023 was 28.26%.

Astra Microwave Products ROCE % Historical Data

The historical data trend for Astra Microwave Products'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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Astra Microwave Products ROCE % Chart

Astra Microwave Products Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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4.39

12.84

9.89

10.73

17.59

Astra Microwave Products Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															30.39	11.18	-0.41	19.22	28.26

Astra Microwave Products ROCE % Calculation

Astra Microwave Products's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	1190.18	/	( ( (9685.254 - 3356.563)	+	(10570.054 - 3366.011) )	/ 2 )
	=	1190.18	/	( (6328.691	+	7204.043)	/ 2 )
	=	1190.18	/	6766.367
	=	17.59 %

Astra Microwave Products's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	2625.716	/	( ( (11852.48 - 2562.63)	+	(0 - 0) )	/ 1 )
	=	2625.716	/	( ( 9289.85	+	0 )	/ 1 )
	=	2625.716	/	9289.85
	=	28.26 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Astra Microwave Products (BOM:532493) 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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Astra Microwave Products (BOM:532493) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Astra Microwave Products Ltd (BOM:532493) » Definitions » ROCE %

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ASTRAMICRO:India

Address

Astra Towers, Survey No.12 (Part), Kothaguda Post, Opp. CII Green Building, Kondapur, Hitech City, Hyderabad, TG, IND, 500038

Website

https://www.astramwp.com

Astra Microwave Products Ltd is engaged in designing and manufacturing radio frequency (RF) and microwave super components and sub-systems finding applications in defense, space, telecom, meteorology, and civil communication systems. The principal activity of the company is to carry on the business to manufacture, produce, assemble, repair, maintain, importing, export, buy, sell, or otherwise deal in all kinds of electronic items and components.

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