Apar Industries (NSE:APARINDS) ROCE % : 31.21% (As of Dec. 2024)

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What is Apar 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. Apar Industries's annualized ROCE % for the quarter that ended in Dec. 2024 was 31.21%.

Apar Industries ROCE % Historical Data

The historical data trend for Apar 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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Apar Industries ROCE % Chart

Apar Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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23.33

17.46

22.01

45.41

40.89

Apar Industries 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															56.48	29.71	33.56	31.25	31.21

Apar Industries ROCE % Calculation

Apar 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 )
	=	13890.2	/	( ( (82176.5 - 57235.1)	+	(96157.6 - 53161.9) )	/ 2 )
	=	13890.2	/	( (24941.4	+	42995.7)	/ 2 )
	=	13890.2	/	33968.55
	=	40.89 %

Apar Industries'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 )
	=	14272.8	/	( ( (101241.6 - 55514.8)	+	(0 - 0) )	/ 1 )
	=	14272.8	/	( ( 45726.8	+	0 )	/ 1 )
	=	14272.8	/	45726.8
	=	31.21 %

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

Apar Industries (NSE:APARINDS) 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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Apar Industries Business Description

Industry

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

Traded in Other Exchanges

532259:India

Address

Sion - Trombay Road, Apar House, Building No. 4 and 5, Corporate Park, V. N. Purav Marg, Chembur, Mumbai, MH, IND, 400 071

Website

https://www.apar.com

Apar Industries Ltd is engaged in the business of manufacture and sale of conductors. The company's reportable segments include Conductor, Transformer & Specialities Oils and Power/Telecom Cables. It generates maximum revenue from the Conductor segment. Geographically, it derives a majority of its revenue from India. Its product categories include Transformer Oils, White Oils, Petroleum Jelly, Process Oils, Electrical cables, Elastomer and E-beam cables, Light duty cables and wires, Fibre optic cables, Automotive engine oils, Automotive gear oil, Transmission fluid, PICC conductors, Railway overhead conductors, Specialty wires.

Apar Industries Headlines

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