Siddhika Coatings (NSE:SIDDHIKA) ROCE % : 13.78% (As of Mar. 2022)

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What is Siddhika Coatings 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. Siddhika Coatings's annualized ROCE % for the quarter that ended in Mar. 2022 was 13.78%.

Siddhika Coatings ROCE % Historical Data

The historical data trend for Siddhika Coatings'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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Siddhika Coatings ROCE % Chart

Siddhika Coatings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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34.79

24.73

7.91

10.17

19.03

Siddhika Coatings Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23
ROCE %	Get a 7-Day Free Trial			3.16	12.73	5.27	13.78	-

Siddhika Coatings ROCE % Calculation

Siddhika Coatings'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 )
	=	49.739	/	( ( (283.645 - 37.463)	+	(348.932 - 72.502) )	/ 2 )
	=	49.739	/	( (246.182	+	276.43)	/ 2 )
	=	49.739	/	261.306
	=	19.03 %

Siddhika Coatings's ROCE % of for the quarter that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2022 )		(Q: Sep. 2021 )		(Q: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2022 )		(Q: Sep. 2021 )		(Q: Mar. 2022 )
	=	33.022	/	( ( (269.707 - 36.787)	+	(283.645 - 37.463) )	/ 2 )
	=	33.022	/	( ( 232.92	+	246.182 )	/ 2 )
	=	33.022	/	239.551
	=	13.78 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2022) EBIT data.

Siddhika Coatings (NSE:SIDDHIKA) 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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Siddhika Coatings (NSE:SIDDHIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Siddhika Coatings Ltd (NSE:SIDDHIKA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

L-9, Lower Ground Floor Kalkaj, South Delhi, New Delhi, IND, 110019

Website

https://www.siddhika.com

Siddhika Coatings Ltd is a texture paint contract company in the single-brand segment. The paints industry is mainly divided into two segments Decorative and Industrial. The decorative segment accounts for a portion of the paint industry's value, around 75%, and the industrial segment accounts for the rest 25% of the industry's value.

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