Atmastco (NSE:ATMASTCO) ROCE % : 22.75% (As of Mar. 2024)

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What is Atmastco 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. Atmastco's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.75%.

Atmastco ROCE % Historical Data

The historical data trend for Atmastco'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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Atmastco ROCE % Chart

Atmastco Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

13.54

20.26

27.89

22.75

Atmastco Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	13.54	20.26	27.89	22.75

Atmastco ROCE % Calculation

Atmastco'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 )
	=	315.98	/	( ( (2362.073 - 1266.065)	+	(2908.706 - 1226.92) )	/ 2 )
	=	315.98	/	( (1096.008	+	1681.786)	/ 2 )
	=	315.98	/	1388.897
	=	22.75 %

Atmastco'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 )
	=	315.98	/	( ( (2362.073 - 1266.065)	+	(2908.706 - 1226.92) )	/ 2 )
	=	315.98	/	( ( 1096.008	+	1681.786 )	/ 2 )
	=	315.98	/	1388.897
	=	22.75 %

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

Atmastco (NSE:ATMASTCO) 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.

Atmastco ROCE % Related Terms

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Atmastco Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Atmastco Ltd (NSE:ATMASTCO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nandini Road, 157-158, Light Industrial Area, Opp. Karuna Hospital, Durg, Bhilai, CT, IND, 490026

Website

https://www.atmastco.com

Atmastco Ltd is engaged in the business of executing turnkey/engineering procurement and construction company (EPC) contracts in ferrous and non-ferrous sector and providing end-to-end solutions offering multi-disciplinary services and project management solutions. It is also into design, manufacturing and supply of precision equipment's and heavy fabrication structures for various industrial use and other incomes such as Ceiling Girder, Railway Girder, Columns & Bracings, Bolted Structures, Equipment's and Pressure ducts, Box Columns etc.

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