Ashapura Logistics (NSE:ASHALOG) ROCE % : 30.72% (As of Mar. 2024)

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What is Ashapura Logistics 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. Ashapura Logistics's annualized ROCE % for the quarter that ended in Mar. 2024 was 30.72%.

Ashapura Logistics ROCE % Historical Data

The historical data trend for Ashapura Logistics'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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Ashapura Logistics ROCE % Chart

Ashapura Logistics Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

31.10

31.53

30.90

30.72

Ashapura Logistics Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	31.10	31.53	30.90	30.72

Ashapura Logistics ROCE % Calculation

Ashapura Logistics'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 )
	=	200.141	/	( ( (1046.166 - 502.487)	+	(1264.488 - 505.146) )	/ 2 )
	=	200.141	/	( (543.679	+	759.342)	/ 2 )
	=	200.141	/	651.5105
	=	30.72 %

Ashapura Logistics'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 )
	=	200.141	/	( ( (1046.166 - 502.487)	+	(1264.488 - 505.146) )	/ 2 )
	=	200.141	/	( ( 543.679	+	759.342 )	/ 2 )
	=	200.141	/	651.5105
	=	30.72 %

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

Ashapura Logistics (NSE:ASHALOG) 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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Ashapura Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ashapura Logistics Ltd (NSE:ASHALOG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

S.G. Highway, B-902 Shapath Hexa, Opposite High Court, Sola, Ahmedabad, GJ, IND, 380060

Website

https://www.ashapura.in

Ashapura Logistics Ltd is an integrated logistics company in India. It operates in (i) Cargo handling and freight forwarding segment; (ii) Transportation (including project logistics and third-party logistics (3PL)); (iii) Warehousing and Distribution and (iv) other services (including coastal movement). The transportation business generated key revenue for the company.

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