Ankit Metal & Power (BOM:532870) ROCE % : 0.00% (As of Dec. 2023)

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What is Ankit Metal & Power 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. Ankit Metal & Power's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Ankit Metal & Power ROCE % Historical Data

The historical data trend for Ankit Metal & Power'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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Ankit Metal & Power ROCE % Chart

Ankit Metal & Power Annual Data

Trend

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Mar23

ROCE %

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Ankit Metal & Power 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															-	-	-	-	-

Ankit Metal & Power ROCE % Calculation

Ankit Metal & Power'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 )
	=	-986.718	/	( ( (12193.612 - 19346.204)	+	(11950.516 - 20619.773) )	/ 2 )
	=	-986.718	/	( (-7152.592	+	-8669.257)	/ 2 )
	=	-986.718	/	-7910.9245
	=	12.47 %

Ankit Metal & Power'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 )
	=	-3042.244	/	( ( (11777.867 - 21943.089)	+	(0 - 0) )	/ 1 )
	=	-3042.244	/	( ( -10165.222	+	0 )	/ 1 )
	=	-3042.244	/	-10165.222
	=	0 %

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

Ankit Metal & Power (BOM:532870) 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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Ankit Metal & Power Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ankit Metal & Power Ltd (BOM:532870) » Definitions » ROCE %

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ANKITMETAL:India

Address

132A, S. P. Mukherjee Road, SKP House, Kolkata, WB, IND, 700 026

Website

https://www.ankitmetal.com

Ankit Metal & Power Ltd manufactures and sells iron and steel products. Its product portfolio includes Sponge Iron, M.S. Billets, Pig Iron, Ferro Silicon, and others.

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