Sheela Foam (BOM:540203) ROCE % : 10.40% (As of Mar. 2024)

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What is Sheela Foam 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. Sheela Foam's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.40%.

Sheela Foam ROCE % Historical Data

The historical data trend for Sheela Foam'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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Sheela Foam ROCE % Chart

Sheela Foam Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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25.81

24.61

18.79

15.32

10.41

Sheela Foam 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															13.78	13.46	8.31	9.44	10.40

Sheela Foam ROCE % Calculation

Sheela Foam'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 )
	=	3245.5	/	( ( (27107.993 - 6833.49)	+	(53395.4 - 11288.9) )	/ 2 )
	=	3245.5	/	( (20274.503	+	42106.5)	/ 2 )
	=	3245.5	/	31190.5015
	=	10.41 %

Sheela Foam'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 )
	=	4380.2	/	( ( (0 - 0)	+	(53395.4 - 11288.9) )	/ 1 )
	=	4380.2	/	( ( 0	+	42106.5 )	/ 1 )
	=	4380.2	/	42106.5
	=	10.40 %

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

Sheela Foam (BOM:540203) 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.

Sheela Foam ROCE % Related Terms

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Sheela Foam (BOM:540203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Sheela Foam Ltd (BOM:540203) » Definitions » ROCE %

Traded in Other Exchanges

SFL:India

Address

No. 14, Sector 135, Sleepwell Tower, Noida, UP, IND, 201301

Website

https://www.mysleepwell.com

Sheela Foam Ltd is a manufacturer of mattresses and other foam-based home comfort products. Its Home comfort line of product portfolio includes Mattresses, Pillows, Mattress protectors, Bolsters, Back cushions, Sofa-cum beds, Bedsheets, and Baby care sheets. It also offers a Technical range of products such as Laminated foam, Reticulated foam, UV stable foam, Sound absorption foam, and Anti-static foam. It caters products to different industries such as bedding, furniture, automotive, shoes, lingerie, electronic, acoustic enclosures, and garments. Geographically, the organization sells its products in India and also exports them to other countries. It derives a majority of the revenue from the sales of the Home comfort line of products. The company's flagship brand is Sleepwell.

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