AG Universal (NSE:AGUL) ROCE % : 11.64% (As of Sep. 2023)

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What is AG Universal 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. AG Universal's annualized ROCE % for the quarter that ended in Sep. 2023 was 11.64%.

AG Universal ROCE % Historical Data

The historical data trend for AG Universal'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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AG Universal ROCE % Chart

AG Universal Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

13.13

14.11

21.55

13.84

AG Universal Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			-	-	29.78	7.56	11.64

AG Universal ROCE % Calculation

AG Universal'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 )
	=	19.523	/	( ( (185.648 - 105.905)	+	(416.172 - 213.848) )	/ 2 )
	=	19.523	/	( (79.743	+	202.324)	/ 2 )
	=	19.523	/	141.0335
	=	13.84 %

AG Universal's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	28.866	/	( ( (416.172 - 213.848)	+	(432.49 - 138.633) )	/ 2 )
	=	28.866	/	( ( 202.324	+	293.857 )	/ 2 )
	=	28.866	/	248.0905
	=	11.64 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

AG Universal (NSE:AGUL) 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.

AG Universal ROCE % Related Terms

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AG Universal (NSE:AGUL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » AG Universal Ltd (NSE:AGUL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

F-1, 34/1, Vikas Apartments, East Punjabi Bagh, West Delhi, New Delhi, IND, 110026

Website

https://www.aguniversal.co.in

AG Universal Ltd operates as a supplier of industrial MS Tubes, GI Pipes, and Hollow Sections. The company's product range includes Stainless Steel Pipes, Mild Steel Pipes, ERW Black Pipes, GI Pipes, Hollow Sections, uPVC Pipes, cPVC Pipes, TMT Bars, Wire Rods, MS Wire, CR Coils, and HR Coils. The company's operating segments are Trading Division -Plants / Iron Products / Ultramaxx Batteries / S S Utensils, Manufacturing Division - Aluminium Extruded Profile and Real Estate Division.

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