Simplex Castings (BOM:513472) ROCE % : 21.61% (As of Mar. 2024)

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What is Simplex Castings 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. Simplex Castings's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.61%.

Simplex Castings ROCE % Historical Data

The historical data trend for Simplex Castings'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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Simplex Castings ROCE % Chart

Simplex Castings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-53.36

13.52

11.19

-14.41

18.64

Simplex Castings 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															17.89	17.49	16.19	19.99	21.61

Simplex Castings ROCE % Calculation

Simplex Castings'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 )
	=	117.258	/	( ( (1482.382 - 860.81)	+	(1478.45 - 842.012) )	/ 2 )
	=	117.258	/	( (621.572	+	636.438)	/ 2 )
	=	117.258	/	629.005
	=	18.64 %

Simplex Castings'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 )
	=	137.552	/	( ( (0 - 0)	+	(1478.45 - 842.012) )	/ 1 )
	=	137.552	/	( ( 0	+	636.438 )	/ 1 )
	=	137.552	/	636.438
	=	21.61 %

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

Simplex Castings (BOM:513472) 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.

Simplex Castings ROCE % Related Terms

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Simplex Castings (BOM:513472) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Simplex Castings Ltd (BOM:513472) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

G.E. Road, Plot No. 32, Shivnath Complex, Supela, Durg District, Bhilai, CT, IND, 490023

Website

https://www.simplexcastings.com

Simplex Castings Ltd is an India-based company operating in the steel castings industry. It manufactures and sells iron cast equipment, fabricated equipment, steel, SG iron, special alloy cast equipment, forging quality ingots, and other related products. It has only one reportable segment which is Manufacturing of SG lron, Steel, Special Alloy Castings, C.l. Castings and Equipments. The company serves various industrial sectors like steel, railways, power, mining, cement, sugar, chemicals, earthmovers, machine tools, shipbuilding, oil and gas, and defense. Also, the firm offers work contract services. Some of its products include Coke Oven Doors & Assemblies, Sinter & Pallet Cars, Railway bogies, and Mould. The group sells its products in India and also exports internationally.

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