APL Apollo Tubes (BOM:533758) ROCE % : 9.08% (As of Sep. 2024)

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What is APL Apollo Tubes 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. APL Apollo Tubes's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.08%.

APL Apollo Tubes ROCE % Historical Data

The historical data trend for APL Apollo Tubes'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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APL Apollo Tubes ROCE % Chart

APL Apollo Tubes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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23.68

28.38

33.22

27.61

25.87

APL Apollo Tubes Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															29.17	23.81	20.70	23.86	9.08

APL Apollo Tubes ROCE % Calculation

APL Apollo Tubes'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 )
	=	10815.9	/	( ( (58516.3 - 21802.5)	+	(71867.9 - 24954.2) )	/ 2 )
	=	10815.9	/	( (36713.8	+	46913.7)	/ 2 )
	=	10815.9	/	41813.75
	=	25.87 %

APL Apollo Tubes's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	4238.4	/	( ( (0 - 0)	+	(72266.1 - 25608.4) )	/ 1 )
	=	4238.4	/	( ( 0	+	46657.7 )	/ 1 )
	=	4238.4	/	46657.7
	=	9.08 %

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

APL Apollo Tubes (BOM:533758) 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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APL Apollo Tubes Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » APL Apollo Tubes Ltd (BOM:533758) » Definitions » ROCE %

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APLAPOLLO:India

Address

Block-B, SG Centre, Plot No. 37C, Sector-132, Noida, UP, IND, 201304

Website

https://www.aplapollo.com

APL Apollo Tubes Ltd is a steel pipe and tubes manufacturer. Its product portfolio consists of MS Black pipes, Galvanized Tubes, Pre-Galvanized Tubes, and Hollow sections used for structural application household structural applications, solar plants, agriculture structures, engineering, and greenhouses. It operates in a single segment that is the production of ERW steel tubes. Geographically, It operates only in India.

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