Aanchal Ispat (BOM:538812) ROCE % : -4.56% (As of Dec. 2024)

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What is Aanchal Ispat 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. Aanchal Ispat's annualized ROCE % for the quarter that ended in Dec. 2024 was -4.56%.

Aanchal Ispat ROCE % Historical Data

The historical data trend for Aanchal Ispat'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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Aanchal Ispat ROCE % Chart

Aanchal Ispat Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-5.56

0.30

0.61

-24.53

-8.40

Aanchal Ispat 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															-11.32	-19.41	-2.16	-3.69	-4.56

Aanchal Ispat ROCE % Calculation

Aanchal Ispat'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 )
	=	-40.423	/	( ( (1113.097 - 322.051)	+	(1169.914 - 999.039) )	/ 2 )
	=	-40.423	/	( (791.046	+	170.875)	/ 2 )
	=	-40.423	/	480.9605
	=	-8.40 %

Aanchal Ispat'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 )
	=	-7.696	/	( ( (1140.374 - 971.606)	+	(0 - 0) )	/ 1 )
	=	-7.696	/	( ( 168.768	+	0 )	/ 1 )
	=	-7.696	/	168.768
	=	-4.56 %

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

Aanchal Ispat (BOM:538812) 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.

Aanchal Ispat ROCE % Related Terms

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Aanchal Ispat Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aanchal Ispat Ltd (BOM:538812) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Canal South Road, SDF-V, Block-E, Module-503, Paridhan Park 19, Kolkata, WB, IND, 700 015

Website

https://www.aanchalispat.com

Aanchal Ispat Ltd is engaged in the business of manufacturing of iron and steel products. It manufactures Mild Steel TMT (thermomechanical treatment) Re-bars, Structural Re-bars, Round, and other Sectional products. The company also engages in trading of Mild Steel Billets, Cement and Clinker and TMT and Structural Re-Bars. Its product is used in the Infrastructure and Construction Industry.

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