Ahimsa Industries (NSE:AHIMSA) ROCE % : -7.95% (As of Mar. 2024)

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What is Ahimsa 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. Ahimsa Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was -7.95%.

Ahimsa Industries ROCE % Historical Data

The historical data trend for Ahimsa 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.

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Ahimsa Industries ROCE % Chart

Ahimsa Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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1.78

5.21

2.66

2.28

-5.21

Ahimsa Industries Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial														-7.16	9.09	-4.72	-2.55	-7.95

Ahimsa Industries ROCE % Calculation

Ahimsa 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 )
	=	-7.233	/	( ( (200.486 - 55.329)	+	(165.882 - 33.566) )	/ 2 )
	=	-7.233	/	( (145.157	+	132.316)	/ 2 )
	=	-7.233	/	138.7365
	=	-5.21 %

Ahimsa Industries's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-10.832	/	( ( (188.97 - 48.852)	+	(165.882 - 33.566) )	/ 2 )
	=	-10.832	/	( ( 140.118	+	132.316 )	/ 2 )
	=	-10.832	/	136.217
	=	-7.95 %

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

Ahimsa Industries (NSE:AHIMSA) 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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Ahimsa Industries (NSE:AHIMSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ahimsa Industries Ltd (NSE:AHIMSA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Piplaj Pirana Road, 160, Devraj Industrial Park, Village Piplaj, Ahmedabad, GJ, IND, 382405

Website

https://www.ahimsaind.com

Ahimsa Industries Ltd is an Indian based firm. It is engaged in Manufacturing PET of preform and trading sugar confectionery machinery, plastic processing machinery, injection molds, and textiles. The company's operating segment includes PET/Preform/Cap/Machinery/Die; Textiles and Export Trading. It generates maximum revenue from the PET/Preform/Cap/Machinery/Die segment. It also exports Beverages, Confectionary Turn-key project services, manufactures engineering components, and others.

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