Supreme Petrochem (BOM:500405) ROCE % : 32.92% (As of Mar. 2024)

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What is Supreme Petrochem 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. Supreme Petrochem's annualized ROCE % for the quarter that ended in Mar. 2024 was 32.92%.

Supreme Petrochem ROCE % Historical Data

The historical data trend for Supreme Petrochem'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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Supreme Petrochem ROCE % Chart

Supreme Petrochem Annual Data

Trend

Jun14

Jun15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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17.12

69.45

65.94

38.73

23.45

Supreme Petrochem Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															29.13	45.67	22.31	19.39	32.92

Supreme Petrochem ROCE % Calculation

Supreme Petrochem'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 )
	=	4754.379	/	( ( (27310.195 - 8421.753)	+	(30648.292 - 8987.205) )	/ 2 )
	=	4754.379	/	( (18888.442	+	21661.087)	/ 2 )
	=	4754.379	/	20274.7645
	=	23.45 %

Supreme Petrochem'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 )
	=	7130.648	/	( ( (0 - 0)	+	(30648.292 - 8987.205) )	/ 1 )
	=	7130.648	/	( ( 0	+	21661.087 )	/ 1 )
	=	7130.648	/	21661.087
	=	32.92 %

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

Supreme Petrochem (BOM:500405) 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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Supreme Petrochem (BOM:500405) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Supreme Petrochem Ltd (BOM:500405) » Definitions » ROCE %

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SPLPETRO:India

Address

Andheri-Ghatkopar Link Road, Solitaire Corporate Park, Building No. 11, 5th Floor, 167, Guru Hargovindji Marg, Chakala, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.supremepetrochem.com

Supreme Petrochem Ltd manufactures and trades in petrochemicals. The company owns production facilities at Raigad, Maharashtra and in Chennai, Tamil Nadu. Its product portfolio consists of general-purpose polystyrene, specialty polystyrene, masterbatches, high impact polystyrene, FR high impact polystyrene, toughened polystyrene, and extruded polystyrene foam boards.

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