Associated Coaters (BOM:544183) ROCE % : 27.42% (As of Sep. 2024)

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What is Associated Coaters 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. Associated Coaters's annualized ROCE % for the quarter that ended in Sep. 2024 was 27.42%.

Associated Coaters ROCE % Historical Data

The historical data trend for Associated Coaters'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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Associated Coaters ROCE % Chart

Associated Coaters Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

-5.43

126.99

136.19

Associated Coaters Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
ROCE %	-	-	-	81.35	27.42

Associated Coaters ROCE % Calculation

Associated Coaters'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 )
	=	7.337	/	( ( (20.181 - 17.53)	+	(29.612 - 21.488) )	/ 2 )
	=	7.337	/	( (2.651	+	8.124)	/ 2 )
	=	7.337	/	5.3875
	=	136.19 %

Associated Coaters'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: Sep. 2023 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Sep. 2023 )		(Q: Sep. 2024 )
	=	10.474	/	( ( (37.071 - 23.064)	+	(88.886 - 26.496) )	/ 2 )
	=	10.474	/	( ( 14.007	+	62.39 )	/ 2 )
	=	10.474	/	38.1985
	=	27.42 %

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

Associated Coaters (BOM:544183) 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.

Associated Coaters ROCE % Related Terms

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Associated Coaters Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Associated Coaters Ltd (BOM:544183) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ashuti Khanberia Maheshtala LP 20/83/46, Vivekanandapur, South 24 Parganas, Thakurpukur Mahestola, Kolkata, WB, IND, 700141

Website

https://www.associatedcoaters.in

Associated Coaters Ltd is engaged in the business of providing services by way of pre-treatment and powder coating of aluminium extrusions in the Architect and Real Estate Industry.

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