Sarthak Industries (BOM:531930) ROCE % : 4.96% (As of Dec. 2023)

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What is Sarthak 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. Sarthak Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.96%.

Sarthak Industries ROCE % Historical Data

The historical data trend for Sarthak 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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Sarthak Industries ROCE % Chart

Sarthak Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.24

14.09

8.96

7.72

4.26

Sarthak Industries 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															3.02	8.57	2.15	5.33	4.96

Sarthak Industries ROCE % Calculation

Sarthak Industries'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 )
	=	16.975	/	( ( (790.849 - 387.413)	+	(689.278 - 294.987) )	/ 2 )
	=	16.975	/	( (403.436	+	394.291)	/ 2 )
	=	16.975	/	398.8635
	=	4.26 %

Sarthak Industries'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 )
	=	20.108	/	( ( (608.553 - 202.748)	+	(0 - 0) )	/ 1 )
	=	20.108	/	( ( 405.805	+	0 )	/ 1 )
	=	20.108	/	405.805
	=	4.96 %

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

Sarthak Industries (BOM:531930) 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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Sarthak Industries (BOM:531930) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sarthak Industries Ltd (BOM:531930) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

214, Trade Centre, 18, South Tukoganj, Indore, MP, IND, 452001

Website

http://www.sarthakindustries.com

Sarthak Industries Ltd is engaged in the manufacturing of LPG Cylinders and trading activities. The LPG Cylinders are supplied to oil companies both public and private. The company is also engaged in trading agri-commodities and mining and mineral-based industry. It has two segments Cylinders and Merchant Trading. It generates the majority of its revenue from the Merchant Trading segment, including the Trading of various commodities, materials, etc. Geographically, it generates the majority of its revenue from India.

Sarthak Industries (BOM:531930) Headlines

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