Aaron Industries (NSE:AARON) ROCE % : 18.89% (As of Sep. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Aaron Industries 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. Aaron Industries's annualized ROCE % for the quarter that ended in Sep. 2024 was 18.89%.

Aaron Industries ROCE % Historical Data

The historical data trend for Aaron Industries'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.

* Premium members only.

Aaron Industries ROCE % Chart

Aaron Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

18.70

18.60

25.13

33.73

22.67

Aaron Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															18.40	21.83	21.93	19.75	18.89

Aaron Industries ROCE % Calculation

Aaron Industries'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 )
	=	97.412	/	( ( (386.942 - 116.637)	+	(746.793 - 157.567) )	/ 2 )
	=	97.412	/	( (270.305	+	589.226)	/ 2 )
	=	97.412	/	429.7655
	=	22.67 %

Aaron Industries'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	112.412	/	( ( (0 - 0)	+	(827.078 - 231.863) )	/ 1 )
	=	112.412	/	( ( 0	+	595.215 )	/ 1 )
	=	112.412	/	595.215
	=	18.89 %

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

Aaron Industries (NSE:AARON) 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.

Aaron Industries ROCE % Related Terms

Thank you for viewing the detailed overview of Aaron Industries's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Aaron Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aaron Industries Ltd (NSE:AARON) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

B-65 and 66, Jawahar Road No. 4, Udhyog Nagar, Udhana GIDC, Plot B, Udhna, Surat, GJ, IND, 394210

Website

https://www.aaronindustries.net

Aaron Industries Ltd is an India-based company engaged in the manufacturing and trading of elevator and elevator parts and Steel Polishing. The company's reportable segment includes the Elevator division and the Steel Polishing division. It generates maximum revenue from the Elevator division segment. The company's products include an autodoor system, elevator cabinets, door operators, swing doors, manual doors, and gearless machines.

Aaron Industries Headlines

No Headlines