Ascom Leasing & Investments (NSE:ASCOM) ROCE % : 15.54% (As of Mar. 2024)

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What is Ascom Leasing & Investments 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. Ascom Leasing & Investments's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.54%.

Ascom Leasing & Investments ROCE % Historical Data

The historical data trend for Ascom Leasing & Investments'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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Ascom Leasing & Investments ROCE % Chart

Ascom Leasing & Investments Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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25.21

19.70

18.98

17.32

15.54

Ascom Leasing & Investments Semi-Annual Data
	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Mar24
ROCE %	Get a 7-Day Free Trial				25.21	19.70	18.98	17.32	15.54

Ascom Leasing & Investments ROCE % Calculation

Ascom Leasing & Investments'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 )
	=	67.66	/	( ( (422.291 - 22.249)	+	(493.704 - 22.977) )	/ 2 )
	=	67.66	/	( (400.042	+	470.727)	/ 2 )
	=	67.66	/	435.3845
	=	15.54 %

Ascom Leasing & Investments'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: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	67.66	/	( ( (422.291 - 22.249)	+	(493.704 - 22.977) )	/ 2 )
	=	67.66	/	( ( 400.042	+	470.727 )	/ 2 )
	=	67.66	/	435.3845
	=	15.54 %

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

Ascom Leasing & Investments (NSE:ASCOM) 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.

Ascom Leasing & Investments ROCE % Related Terms

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Ascom Leasing & Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ascom Leasing & Investments Ltd (NSE:ASCOM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aditya Group 331-336, VIP Road Vesu, 3rd Floor, Four Point Complex, Besides Maniba Park, Surat, GJ, IND, 395007

Website

https://www.ascomfinance.com

Ascom Leasing & Investments Ltd is a non-banking finance company engaged in the business of financing and lending. The company provides term loans, mortgage financing, personal loans, Gold loans, and Projected loans.

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