Ashirwad Steels & Industries (BOM:526847) 5-Year ROIIC % : 5.23% (As of Mar. 2024)

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What is Ashirwad Steels & Industries 5-Year ROIIC %?

5-Year Return on Invested Incremental Capital (5-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 5-year. Ashirwad Steels & Industries's 5-Year ROIIC % for the quarter that ended in Mar. 2024 was 5.23%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Ashirwad Steels & Industries's 5-Year ROIIC % or its related term are showing as below:

BOM:526847's 5-Year ROIIC % is ranked better than
51.83% of 600 companies
in the Steel industry
Industry Median: 4.33 vs BOM:526847: 5.23

Ashirwad Steels & Industries 5-Year ROIIC % Historical Data

The historical data trend for Ashirwad Steels & Industries's 5-Year ROIIC % 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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Ashirwad Steels & Industries 5-Year ROIIC % Chart

Ashirwad Steels & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

5-Year ROIIC %

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-16.71

296.98

9.49

6.06

5.23

Ashirwad Steels & Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
5-Year ROIIC %	Get a 7-Day Free Trial															6.06	-	-	-	5.23

Competitive Comparison of Ashirwad Steels & Industries's 5-Year ROIIC %

For the Steel subindustry, Ashirwad Steels & Industries's 5-Year ROIIC %, along with its competitors' market caps and 5-Year ROIIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ashirwad Steels & Industries's 5-Year ROIIC % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ashirwad Steels & Industries's 5-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Ashirwad Steels & Industries's 5-Year ROIIC % falls into.

Ashirwad Steels & Industries 5-Year ROIIC % Calculation

Ashirwad Steels & Industries's 5-Year ROIIC % for the quarter that ended in Mar. 2024 is calculated as:

5-Year ROIIC %	=	5-Year Incremental Net Operating Profit After Taxes (NOPAT)^**	/	5-Year Incremental Invested Capital^**
	=	( -8.1276674 (Mar. 2024) - -17.1765048 (Mar. 2019) )	/	( 783.668 (Mar. 2024) - 610.686 (Mar. 2019) )
	=	9.0488374	/	172.982
	=	5.23%^***

** Annual data of NOPAT and Invested Capital was used to calculate 5-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Ashirwad Steels & Industries (BOM:526847) 5-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.

Ashirwad Steels & Industries 5-Year ROIIC % Related Terms

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Ashirwad Steels & Industries (BOM:526847) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ashirwad Steels & Industries Ltd (BOM:526847) » Definitions » 5-Year ROIIC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6, Waterloo Street, 5th Floor, Suite No. 506, Kolkata, WB, IND, 700069

Website

https://www.ashirwadsteels.com

Ashirwad Steels & Industries Ltd is an Indian based company that operates in the sponge iron business. It is involved in the manufacturing of sponge iron using iron-ore and coal as the raw materials. The sponge iron is used as input by the steel melting shops to produce ingots and billets which are thereafter re-rolled by the rolling mills to produce end steel products like Rods, Bars, Plain Rounds, Angles, Flats, Channels, Girders and others. Geographically, the business activity is carried out through the region of India and derives revenue through the sale of products.

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