Afcom Holdings (BOM:544224) ROCE % : 28.65% (As of Sep. 2024)

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What is Afcom Holdings 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. Afcom Holdings's annualized ROCE % for the quarter that ended in Sep. 2024 was 28.65%.

Afcom Holdings ROCE % Historical Data

The historical data trend for Afcom Holdings'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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Afcom Holdings ROCE % Chart

Afcom Holdings Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

-79.19

65.66

39.61

Afcom Holdings Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
ROCE %	-	-	-	45.32	28.65

Afcom Holdings ROCE % Calculation

Afcom Holdings'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 )
	=	188.997	/	( ( (251.451 - 30.908)	+	(828.54 - 94.752) )	/ 2 )
	=	188.997	/	( (220.543	+	733.788)	/ 2 )
	=	188.997	/	477.1655
	=	39.61 %

Afcom Holdings'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 )
	=	548.812	/	( ( (0 - 0)	+	(2129.409 - 213.71) )	/ 1 )
	=	548.812	/	( ( 0	+	1915.699 )	/ 1 )
	=	548.812	/	1915.699
	=	28.65 %

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

Afcom Holdings (BOM:544224) 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.

Afcom Holdings ROCE % Related Terms

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Afcom Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Afcom Holdings Ltd (BOM:544224) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No.16(NP), 3rd Floor, Indiqube Palmyra, SIDCO Industrial Estate, Ekkattuthangal, Guindy, Chennai, TN, IND, 600032

Website

https://www.afcomcargo.com

Afcom Holdings Ltd is engaged in the carriage of cargo on an airport-to-airport basis. Its business is guided by three operating principles: People-centricity, Growth through partnership, and Efficiency, always. The company has developed a wide range of service options to meet the growing needs of the customers. It provides cargo solutions and products across various countries via International Hubs. The company offers notable products that include General Cargo, Flying Fresh, Flying Pharma, Flying Priority, Fly Courier, Project Cargo, Dangerous Goods and High-Value Cargo.

Afcom Holdings Headlines

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