AMIC Forging (BOM:544037) ROCE % : 73.36% (As of Sep. 2024)

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What is AMIC Forging 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. AMIC Forging's annualized ROCE % for the quarter that ended in Sep. 2024 was 73.36%.

AMIC Forging ROCE % Historical Data

The historical data trend for AMIC Forging'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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AMIC Forging ROCE % Chart

AMIC Forging Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

9.44

12.88

66.03

41.41

AMIC Forging Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			-	-	80.31	27.36	73.36

AMIC Forging ROCE % Calculation

AMIC Forging'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 )
	=	191.004	/	( ( (623.852 - 379.099)	+	(921.302 - 243.524) )	/ 2 )
	=	191.004	/	( (244.753	+	677.778)	/ 2 )
	=	191.004	/	461.2655
	=	41.41 %

AMIC Forging'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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	583.428	/	( ( (921.302 - 243.524)	+	(1094.487 - 181.652) )	/ 2 )
	=	583.428	/	( ( 677.778	+	912.835 )	/ 2 )
	=	583.428	/	795.3065
	=	73.36 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

AMIC Forging (BOM:544037) 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.

AMIC Forging ROCE % Related Terms

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AMIC Forging Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AMIC Forging Ltd (BOM:544037) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3A, Garstin Place, 2nd Floor, Kolkata, WB, IND, 700001

Website

https://www.amicforgings.com

AMIC Forging Ltd is engaged in the manufacturing of forged components. It manufactures precision machined components catering to various industries such as heavy Engineering, Steel Industry, Oil and gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar, and other related industries. It manufactures different forging components such as Gear Couplings, Roller Shaft, Brake Drum, Hook and other products as per international standards like AISI, BS, IS, DIN, etc.

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