Appollo Ispat Complex (DHA:APOLOISPAT) ROCE %: 7.68% (As of Mar. 2019)


DHA:APOLOISPAT Appollo Ispat Complex Ltd DHA:APOLOISPAT
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What is Appollo Ispat Complex ROCE %?

Appollo Ispat Complex DHA:APOLOISPAT 5 ROCE % is 7.68% as of Mar. 2019. GuruFocus rates DHA:APOLOISPAT with a GF Score™ of 5/100.

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. Appollo Ispat Complex's annualized ROCE % for the quarter that ended in Mar. 2019 was 7.68%.

Appollo Ispat Complex  (DHA:APOLOISPAT) 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.

Appollo Ispat Complex ROCE % Related Terms

Appollo Ispat Complex ROCE % Historical Data

* Premium members only.

The historical data trend for Appollo Ispat Complex'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.

Appollo Ispat Complex ROCE % Chart

Appollo Ispat Complex Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18
ROCE %
Get a 7-Day Free Trial 13.83 12.64 12.26 11.84 6.91

Appollo Ispat Complex Quarterly Data
Mar14 Jun14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.52 6.57 4.68 5.49 7.68
DHA:APOLOISPAT
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Appollo Ispat Complex Ltd DHA:APOLOISPAT
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Appollo Ispat Complex ROCE % Calculation

Appollo Ispat Complex's annualized ROCE % for the fiscal year that ended in Jun. 2018 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jun. 2018 )  (A: Jun. 2017 )(A: Jun. 2018 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jun. 2018 )  (A: Jun. 2017 )(A: Jun. 2018 )
=606.182/( ( (12500.332 - 3590.055) + (12992.376 - 4353.596) )/ 2 )
=606.182/( (8910.277+8638.78)/ 2 )
=606.182/8774.5285
=6.91 %

Appollo Ispat Complex's ROCE % of for the quarter that ended in Mar. 2019 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2019 )  (Q: Dec. 2018 )(Q: Mar. 2019 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2019 )  (Q: Dec. 2018 )(Q: Mar. 2019 )
=685.204/( ( (13069.685 - 4471.972) + (12928.795 - 3683.416) )/ 2 )
=685.204/( ( 8597.713 + 9245.379 )/ 2 )
=685.204/8921.546
=7.68 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2019) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 7.68% mean?
Appollo Ispat Complex (DHA:APOLOISPAT) has a ROCE % of 7.68% as of Mar. 2019.
Is Appollo Ispat Complex's ROCE % too high?
Appollo Ispat Complex's current ROCE % is 7.68%. The Steel industry median ROCE % is 5.52. Appollo Ispat Complex's value of 7.68% is 39.1% above this industry median. Overall, Appollo Ispat Complex has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Appollo Ispat Complex's ROCE % compare to TPCS?
Appollo Ispat Complex's ROCE % of 7.68% can be compared against companies in the Steel industry. The industry median ROCE % is 5.52. Appollo Ispat Complex's value of 7.68% is 39.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Steel company?
The median ROCE % among Steel companies is 5.52, based on 619 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Appollo Ispat Complex's current ROCE % of 7.68% is 39.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Steel industry, the median ROCE % is 5.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Appollo Ispat Complex's current ROCE % is 7.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Appollo Ispat Complex stock overvalued right now?
Appollo Ispat Complex (DHA:APOLOISPAT) has a current ROCE % of 7.68%. The current ROCE % is 7.68% and 39.1% above the Steel industry median of 5.52. Appollo Ispat Complex's overall GF Score™ is 5/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Appollo Ispat Complex (DHA:APOLOISPAT), the current ROCE % is 7.68% as of Mar. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Appollo Ispat Complex Business Description

Address 407, Tejgaon Industrial Area, Dhaka, BGD, 1208
Appollo Ispat Complex Ltd manufactures and sells corrugated iron sheets in Bangladesh and internationally. It offers cold rolled coils; iron or steel galvanized sheets/coils; and ridges. The company's products are used for roofing of new factories, warehouses, and sheds in industrial applications; roofing cow sheds, the roofing and side fencing of poultry farms, and the fencing of agricultural projects; and roofing small shops, shutter as well as for fencing around the construction area.
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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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