Spectrum Foods (BOM:531982) ROCE % : -530.40% (As of Mar. 2024)

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What is Spectrum Foods 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. Spectrum Foods's annualized ROCE % for the quarter that ended in Mar. 2024 was -530.40%.

Spectrum Foods ROCE % Historical Data

The historical data trend for Spectrum Foods'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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Spectrum Foods ROCE % Chart

Spectrum Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.18

1.79

4.25

16.93

67.52

Spectrum Foods 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															-629.86	372.57	155.32	71.24	-530.40

Spectrum Foods ROCE % Calculation

Spectrum Foods'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 )
	=	22.014	/	( ( (138.841 - 112.326)	+	(139.46 - 100.766) )	/ 2 )
	=	22.014	/	( (26.515	+	38.694)	/ 2 )
	=	22.014	/	32.6045
	=	67.52 %

Spectrum Foods'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 )
	=	-205.232	/	( ( (0 - 0)	+	(139.46 - 100.766) )	/ 1 )
	=	-205.232	/	( ( 0	+	38.694 )	/ 1 )
	=	-205.232	/	38.694
	=	-530.40 %

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

Spectrum Foods (BOM:531982) 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.

Spectrum Foods ROCE % Related Terms

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Spectrum Foods (BOM:531982) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Spectrum Foods Ltd (BOM:531982) » Definitions » ROCE %

Traded in Other Exchanges

890199:India

Address

L-5, B-II, Krishna Marg, C-Scheme, Ashok Nagar, Panch Batti, Jaipur, RJ, IND, 302001

Website

https://www.suryasalt.com

Spectrum Foods Ltd is active in the manufacturing and selling of salt and spices. The company's operating segment includes Salt Business and Energy. It generates maximum revenue from the Salt Business segment. The company offers a wide array of spices in various forms such as whole, grounded, blended and flakes. Its specialized variety of spices includes - turmeric powder, red chili powder, cumin seeds, fennel powder, coriander seeds, fenugreek seeds, mixed spices, and others.

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