Arham Technologies (NSE:ARHAM) ROCE % : 39.22% (As of Mar. 2023)

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What is Arham Technologies 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. Arham Technologies's annualized ROCE % for the quarter that ended in Mar. 2023 was 39.22%.

Arham Technologies ROCE % Historical Data

The historical data trend for Arham Technologies'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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Arham Technologies ROCE % Chart

Arham Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

21.32

59.29

62.66

34.22

31.68

Arham Technologies Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Mar24
ROCE %	Get a 7-Day Free Trial			-	-	38.34	39.22	-

Arham Technologies ROCE % Calculation

Arham Technologies'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 )
	=	81.379	/	( ( (329.282 - 94.038)	+	(481.709 - 203.207) )	/ 2 )
	=	81.379	/	( (235.244	+	278.502)	/ 2 )
	=	81.379	/	256.873
	=	31.68 %

Arham Technologies's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	71.97	/	( ( (265.75 - 133.968)	+	(329.282 - 94.038) )	/ 2 )
	=	71.97	/	( ( 131.782	+	235.244 )	/ 2 )
	=	71.97	/	183.513
	=	39.22 %

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

Arham Technologies (NSE:ARHAM) 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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Arham Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Arham Technologies Ltd (NSE:ARHAM) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

5 Chitrakoot Complex, Opp Vyavsayik Sahkari Bank, Jawahar Nagar, Raipur, CT, IND, 492001

Website

https://www.arhamtechnologies.co.in

Arham Technologies Ltd is engaged in the manufacturing of LED Smart Televisions. The company manufactures LED Televisions with different screen sizes under the brand STARSHINE. Its business segment is manufacturing and supplying quality refractory material and its principal geographical segment is India. The company also manufactures Fans, Air Coolers, and Mixer Grinders through third-party manufacturers.

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