Aditya Ultra Steel (NSE:AUSL) ROCE % : 23.35% (As of Sep. 2024)

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What is Aditya Ultra Steel 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. Aditya Ultra Steel's annualized ROCE % for the quarter that ended in Sep. 2024 was 23.35%.

Aditya Ultra Steel ROCE % Historical Data

The historical data trend for Aditya Ultra Steel'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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Aditya Ultra Steel ROCE % Chart

Aditya Ultra Steel Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

20.13

17.70

31.29

Aditya Ultra Steel Semi-Annual Data
	Mar22	Mar23	Mar24	Sep24
ROCE %	40.26	35.41	62.57	23.35

Aditya Ultra Steel ROCE % Calculation

Aditya Ultra Steel'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 )
	=	164.376	/	( ( (973.465 - 499.481)	+	(1475.233 - 898.432) )	/ 2 )
	=	164.376	/	( (473.984	+	576.801)	/ 2 )
	=	164.376	/	525.3925
	=	31.29 %

Aditya Ultra Steel's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	191.696	/	( ( (1475.233 - 898.432)	+	(1969.285 - 904.145) )	/ 2 )
	=	191.696	/	( ( 576.801	+	1065.14 )	/ 2 )
	=	191.696	/	820.9705
	=	23.35 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Aditya Ultra Steel (NSE:AUSL) 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.

Aditya Ultra Steel ROCE % Related Terms

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Aditya Ultra Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aditya Ultra Steel Ltd (NSE:AUSL) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

National Highway 8-A, Survey No-48, Wankarner Boudry, Bhalgam, Wankaner, Rajkot, GJ, IND, 363621

Website

https://www.aditya-ultra-steel.com

Aditya Ultra Steel Ltd is engaged in manufacturing rolled steel products, such as TMT bars under the Kamdhenu brand, catering mainly to the construction industry and infrastructure development. The company manufactures TMT bars from billets through a reheating furnace and rolling mill. The company designs and manufactures TMT bars and sells it on B2B Basis. Its customer base is mainly spread across the State of Gujarat.

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