ASK Automotive (BOM:544022) ROCE % : 25.20% (As of Mar. 2024)

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What is ASK Automotive 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. ASK Automotive's annualized ROCE % for the quarter that ended in Mar. 2024 was 25.20%.

ASK Automotive ROCE % Historical Data

The historical data trend for ASK Automotive'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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ASK Automotive ROCE % Chart

ASK Automotive Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

21.24

15.91

21.22

25.20

ASK Automotive Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	21.24	15.91	21.22	25.20

ASK Automotive ROCE % Calculation

ASK Automotive'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 )
	=	2585.298	/	( ( (12812.08 - 3723.26)	+	(15684.451 - 4258.665) )	/ 2 )
	=	2585.298	/	( (9088.82	+	11425.786)	/ 2 )
	=	2585.298	/	10257.303
	=	25.20 %

ASK Automotive's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	2585.298	/	( ( (12812.08 - 3723.26)	+	(15684.451 - 4258.665) )	/ 2 )
	=	2585.298	/	( ( 9088.82	+	11425.786 )	/ 2 )
	=	2585.298	/	10257.303
	=	25.20 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2024) EBIT data.

ASK Automotive (BOM:544022) 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.

ASK Automotive ROCE % Related Terms

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ASK Automotive (BOM:544022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ASK Automotive Ltd (BOM:544022) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ASKAUTOLTD:India

Address

Sector 5, IMT Manesar, Plot No - 13-14, Gurgaon, HR, IND, 122 050

Website

https://www.askbrake.com

ASK Automotive Ltd is a manufacturer of brake-shoe and advanced braking systems for two-wheelers in India. The product range of the company includes AB systems; aluminium lightweight precision, wheel assembly to 2W OEMs; and safety control cables The company operates in India as well as overseas.

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