Sparc Electrex (BOM:531370) ROCE % : 8.41% (As of Mar. 2024)

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What is Sparc Electrex 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. Sparc Electrex's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.41%.

Sparc Electrex ROCE % Historical Data

The historical data trend for Sparc Electrex'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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Sparc Electrex ROCE % Chart

Sparc Electrex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-0.35

-82.34

88.97

19.97

5.36

Sparc Electrex Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.56	3.77	2.90	1.90	8.41

Sparc Electrex ROCE % Calculation

Sparc Electrex'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 )
	=	5.724	/	( ( (98.968 - 56.457)	+	(198.729 - 27.508) )	/ 2 )
	=	5.724	/	( (42.511	+	171.221)	/ 2 )
	=	5.724	/	106.866
	=	5.36 %

Sparc Electrex'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	14.4	/	( ( (0 - 0)	+	(198.729 - 27.508) )	/ 1 )
	=	14.4	/	( ( 0	+	171.221 )	/ 1 )
	=	14.4	/	171.221
	=	8.41 %

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

Sparc Electrex (BOM:531370) 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.

Sparc Electrex ROCE % Related Terms

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Sparc Electrex (BOM:531370) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sparc Electrex Ltd (BOM:531370) » Definitions » ROCE %

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Address

198, Linking Road, 1202, 12th Floor, Esperanza Building, Next to Bank of Baroda, Bandra (West), Mumbai, MH, IND, 400 050

Website

https://www.sparcelectrex.com

Sparc Electrex Ltd is an Indian company which is engaged in providing software and hardware electronic security solutions. The company's products include video conference solutions, mobile ATMs, GPS tracking, GSM/GPRS/SMS solutions, security systems, fire and intrusion detection systems, access control systems, home security systems, building management systems, and other.

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