Sikko Industries (NSE:SIKKO) ROCE % : 28.63% (As of Dec. 2023)

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What is Sikko 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. Sikko Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 28.63%.

Sikko Industries ROCE % Historical Data

The historical data trend for Sikko 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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Sikko Industries ROCE % Chart

Sikko Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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21.09

24.67

21.56

15.21

18.83

Sikko Industries Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															32.81	32.53	-1.53	34.41	28.63

Sikko Industries ROCE % Calculation

Sikko 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 )
	=	44.269	/	( ( (366.958 - 149.314)	+	(454.951 - 202.439) )	/ 2 )
	=	44.269	/	( (217.644	+	252.512)	/ 2 )
	=	44.269	/	235.078
	=	18.83 %

Sikko 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 )
	=	80.908	/	( ( (526.186 - 243.584)	+	(0 - 0) )	/ 1 )
	=	80.908	/	( ( 282.602	+	0 )	/ 1 )
	=	80.908	/	282.602
	=	28.63 %

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

Sikko Industries (NSE:SIKKO) 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.

Sikko Industries ROCE % Related Terms

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Sikko Industries (NSE:SIKKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sikko Industries Ltd (NSE:SIKKO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

S. G. Highway, No. 508, Iscon Elegance, Near Prahladnagar Pick up Stand, Near Jain Temple, Vejalpur, Ahmedabad, GJ, IND, 380051

Website

https://www.sikkoindia.com

Sikko Industries Ltd operates as manufacturer and supplier of urea, organic fertilizers and other agrochemical products. The company offers products such as seed products, pesticides, agricultural sprayer among others.

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