Asahi Songwon Colors (NSE:ASAHISONG) ROCE % : 9.54% (As of Dec. 2024)

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What is Asahi Songwon Colors 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. Asahi Songwon Colors's annualized ROCE % for the quarter that ended in Dec. 2024 was 9.54%.

Asahi Songwon Colors ROCE % Historical Data

The historical data trend for Asahi Songwon Colors'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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Asahi Songwon Colors ROCE % Chart

Asahi Songwon Colors Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.16

16.73

7.96

-1.37

8.57

Asahi Songwon Colors 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															1.54	4.69	11.20	10.60	9.54

Asahi Songwon Colors ROCE % Calculation

Asahi Songwon Colors'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 )
	=	296.908	/	( ( (5467.033 - 2108.843)	+	(5747.44 - 2176.16) )	/ 2 )
	=	296.908	/	( (3358.19	+	3571.28)	/ 2 )
	=	296.908	/	3464.735
	=	8.57 %

Asahi Songwon Colors'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 )
	=	349.028	/	( ( (6019.323 - 2360.028)	+	(0 - 0) )	/ 1 )
	=	349.028	/	( ( 3659.295	+	0 )	/ 1 )
	=	349.028	/	3659.295
	=	9.54 %

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

Asahi Songwon Colors (NSE:ASAHISONG) 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.

Asahi Songwon Colors ROCE % Related Terms

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Asahi Songwon Colors Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Asahi Songwon Colors Ltd (NSE:ASAHISONG) » Definitions » ROCE %

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532853:India

Address

Thaltej-Shilaj Road, Asahi House, 20, Times Corporate Park, Thaltej, Ahmedabad, GJ, IND, 380059

Website

https://www.asahisongwon.com

Asahi Songwon Colors Ltd is a supplier and manufacturer of pigment color. It is principally engaged in the business of manufacturing phthalocyanine pigment and derivatives in India. The company deals with the following pigments: CPC Blue Crude, Pigment Alfa Blue 15:0, Pigment Alfa Blue 15:1, Pigment Beta Blue 15:3 and Pigment Blue 15.4. These products are mainly used in the manufacture of printing inks while the rest find application in paints, plastics, textiles and paper industries. The company is in the process of adding new products in future. The majority of the revenue is generated outside India.

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