Sanghi Industries (BOM:526521) ROCE % : 2.83% (As of Mar. 2024)

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What is Sanghi Industries 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. Sanghi Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.83%.

Sanghi Industries ROCE % Historical Data

The historical data trend for Sanghi Industries'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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Sanghi Industries ROCE % Chart

Sanghi Industries Annual Data

Trend

Jun14

Jun15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.50

6.27

4.35

-2.88

-5.22

Sanghi Industries 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															-4.51	-15.24	5.14	-14.46	2.83

Sanghi Industries ROCE % Calculation

Sanghi Industries'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 )
	=	-1650	/	( ( (37097.1 - 6571.2)	+	(36283 - 3632.2) )	/ 2 )
	=	-1650	/	( (30525.9	+	32650.8)	/ 2 )
	=	-1650	/	31588.35
	=	-5.22 %

Sanghi Industries'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 )
	=	925.6	/	( ( (0 - 0)	+	(36283 - 3632.2) )	/ 1 )
	=	925.6	/	( ( 0	+	32650.8 )	/ 1 )
	=	925.6	/	32650.8
	=	2.83 %

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

Sanghi Industries (BOM:526521) 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.

Sanghi Industries ROCE % Related Terms

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Sanghi Industries (BOM:526521) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Sanghi Industries Ltd (BOM:526521) » Definitions » ROCE %

Traded in Other Exchanges

SANGHIIND:India

Address

Off. S.G. Highway, 10th Floor, Kataria Arcade, Post Makaraba, Ahmedabad, GJ, IND, 380 051

Website

https://www.sanghicement.com

Sanghi Industries Ltd is engaged in the manufacturing and marketing of cement and cement products. Its product portfolio includes Ordinary Portland Cement; Portland Pozzolana Cement and Portland Slag Cement. Geographically, it derives a majority of its revenue from India and is also engaged in the export of its products.

Sanghi Industries (BOM:526521) Headlines

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