SML Isuzu (BOM:505192) ROCE % : 13.48% (As of Dec. 2023)

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What is SML Isuzu 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. SML Isuzu's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.48%.

SML Isuzu ROCE % Historical Data

The historical data trend for SML Isuzu'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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SML Isuzu ROCE % Chart

SML Isuzu Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.84

-4.47

-24.87

-27.46

16.22

SML Isuzu Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															10.50	48.60	59.25	34.78	13.48

SML Isuzu ROCE % Calculation

SML Isuzu's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	384.417	/	( ( (8158.252 - 5933.858)	+	(9365.639 - 6849.617) )	/ 2 )
	=	384.417	/	( (2224.394	+	2516.022)	/ 2 )
	=	384.417	/	2370.208
	=	16.22 %

SML Isuzu's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	429.2	/	( ( (9200.8 - 6017.3)	+	(0 - 0) )	/ 1 )
	=	429.2	/	( ( 3183.5	+	0 )	/ 1 )
	=	429.2	/	3183.5
	=	13.48 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

SML Isuzu (BOM:505192) 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.

SML Isuzu ROCE % Related Terms

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SML Isuzu (BOM:505192) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SML Isuzu Ltd (BOM:505192) » Definitions » ROCE %

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SMLISUZU:India

Address

SCO 204-205, Sector 34-A, Chandigarh, PB, IND, 160 135

Website

http://www.smlisuzu.com

SML Isuzu Ltd is engaged in the business of manufacturing and selling Commercial Vehicles and their parts. Its business activities are carried out throughout India. The company's product portfolio includes trucks and buses and also provides special application vehicles, such as ambulances, tippers, dumper placers, troop carriers, prison vans, dual cab trucks, 4X4 trucks, water tanker trucks, closed vans, and refrigerated vans. The firm derives the majority of its revenues through the sale of vehicles.

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