Atlas Honda (KAR:ATLH) ROCE % : 76.51% (As of Dec. 2024)

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What is Atlas Honda 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. Atlas Honda's annualized ROCE % for the quarter that ended in Dec. 2024 was 76.51%.

Atlas Honda ROCE % Historical Data

The historical data trend for Atlas Honda'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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Atlas Honda ROCE % Chart

Atlas Honda Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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26.06

27.56

37.27

35.11

57.73

Atlas Honda Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															60.95	80.57	73.89	62.54	76.51

Atlas Honda ROCE % Calculation

Atlas Honda'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 )
	=	15793.781	/	( ( (70037.587 - 45916.93)	+	(75943.753 - 45345.661) )	/ 2 )
	=	15793.781	/	( (24120.657	+	30598.092)	/ 2 )
	=	15793.781	/	27359.3745
	=	57.73 %

Atlas Honda's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	25641.984	/	( ( (74462.322 - 41061.555)	+	(76376.18 - 42743.477) )	/ 2 )
	=	25641.984	/	( ( 33400.767	+	33632.703 )	/ 2 )
	=	25641.984	/	33516.735
	=	76.51 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Atlas Honda (KAR:ATLH) 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.

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Atlas Honda Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Atlas Honda Ltd (KAR:ATLH) » Definitions » ROCE %

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Address

1 Mcleod Road, Lahore, PB, PAK, 54000

Website

https://www.atlashonda.com.pk

Atlas Honda Ltd is an auto part and vehicle manufacturer in Pakistan. The company manufactures and markets motorcycles and spare parts through a network of dealers in collaboration with the Honda Motor Company. The company also manufactures various components in-house in collaboration.

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