Sinnar Bidi Udyog (BOM:509887) ROCE % : 4.99% (As of Dec. 2023)

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What is Sinnar Bidi Udyog 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. Sinnar Bidi Udyog's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.99%.

Sinnar Bidi Udyog ROCE % Historical Data

The historical data trend for Sinnar Bidi Udyog'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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Sinnar Bidi Udyog ROCE % Chart

Sinnar Bidi Udyog Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.41

-0.15

-1.45

-2.00

6.96

Sinnar Bidi Udyog 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															0.79	12.65	2.44	10.65	4.99

Sinnar Bidi Udyog ROCE % Calculation

Sinnar Bidi Udyog'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 )
	=	4.727	/	( ( (98.691 - 34.018)	+	(94.704 - 23.517) )	/ 2 )
	=	4.727	/	( (64.673	+	71.187)	/ 2 )
	=	4.727	/	67.93
	=	6.96 %

Sinnar Bidi Udyog'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 )
	=	3.66	/	( ( (79.447 - 6.048)	+	(0 - 0) )	/ 1 )
	=	3.66	/	( ( 73.399	+	0 )	/ 1 )
	=	3.66	/	73.399
	=	4.99 %

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

Sinnar Bidi Udyog (BOM:509887) 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.

Sinnar Bidi Udyog ROCE % Related Terms

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Sinnar Bidi Udyog (BOM:509887) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Sinnar Bidi Udyog Ltd (BOM:509887) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nashik-Pune Road, Camel House, Nashik, MH, IND, 422011

Website

https://www.sinnarbidi.com

Sinnar Bidi Udyog Ltd is an Indian based company which operates in the tobacco industry. The company's operations predominantly consist of processing and trading of tobacco. It considers Tobacco and Tobacco Products and Bidi Leaves as business segment. Geographically, it derives revenue from India.

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