Action Construction Equipment (BOM:532762) ROCE % : 45.04% (As of Dec. 2024)

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What is Action Construction Equipment 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. Action Construction Equipment's annualized ROCE % for the quarter that ended in Dec. 2024 was 45.04%.

Action Construction Equipment ROCE % Historical Data

The historical data trend for Action Construction Equipment'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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Action Construction Equipment ROCE % Chart

Action Construction Equipment Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.82

22.88

22.03

28.57

41.91

Action Construction Equipment 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															45.12	46.24	38.35	38.73	45.04

Action Construction Equipment ROCE % Calculation

Action Construction Equipment'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 )
	=	4571.052	/	( ( (15997.4 - 6628.717)	+	(21692.131 - 9245.656) )	/ 2 )
	=	4571.052	/	( (9368.683	+	12446.475)	/ 2 )
	=	4571.052	/	10907.579
	=	41.91 %

Action Construction Equipment'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 )
	=	6315.6	/	( ( (23210.6 - 9188.2)	+	(0 - 0) )	/ 1 )
	=	6315.6	/	( ( 14022.4	+	0 )	/ 1 )
	=	6315.6	/	14022.4
	=	45.04 %

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

Action Construction Equipment (BOM:532762) 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.

Action Construction Equipment ROCE % Related Terms

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Action Construction Equipment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Action Construction Equipment Ltd (BOM:532762) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ACE:India

Address

Dudhola Link Road, Dudhola, District Palwal, Palwal, HR, IND, 121102

Website

https://www.ace-cranes.com

Action Construction Equipment Ltd is engaged in manufacturing material handling and construction equipment. It is engaged in the manufacturing and marketing of Hydraulic Mobile Cranes, Mobile Tower Cranes, Crawler Cranes, Truck Mounted Cranes; Material Handling Equipments like Forklifts, Road Construction Equipments like Backhoe loaders, Compactors, Motor graders and Agriculture Equipments like Tractors, Harvesters, Rotavators etc. The company's reportable segments are Cranes, Construction equipment, Material handling, and Agricultural equipment. The majority of its revenue is generated from its Cranes segment. Geographically, it derives maximum revenue from India and also has a presence in international markets.

Action Construction Equipment Headlines

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