Srivasavi Adhesive Tapes (NSE:SRIVASAVI) ROCE % : 24.65% (As of Sep. 2023)

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What is Srivasavi Adhesive Tapes 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. Srivasavi Adhesive Tapes's annualized ROCE % for the quarter that ended in Sep. 2023 was 24.65%.

Srivasavi Adhesive Tapes ROCE % Historical Data

The historical data trend for Srivasavi Adhesive Tapes'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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Srivasavi Adhesive Tapes ROCE % Chart

Srivasavi Adhesive Tapes Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

37.94

39.90

47.36

24.02

Srivasavi Adhesive Tapes Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			-	-	36.08	27.23	24.65

Srivasavi Adhesive Tapes ROCE % Calculation

Srivasavi Adhesive Tapes'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 )
	=	54	/	( ( (270.5 - 125.7)	+	(412.9 - 108.1) )	/ 2 )
	=	54	/	( (144.8	+	304.8)	/ 2 )
	=	54	/	224.8
	=	24.02 %

Srivasavi Adhesive Tapes's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	76.948	/	( ( (412.9 - 108.1)	+	(463.505 - 143.91) )	/ 2 )
	=	76.948	/	( ( 304.8	+	319.595 )	/ 2 )
	=	76.948	/	312.1975
	=	24.65 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Srivasavi Adhesive Tapes (NSE:SRIVASAVI) 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.

Srivasavi Adhesive Tapes ROCE % Related Terms

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Srivasavi Adhesive Tapes (NSE:SRIVASAVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Srivasavi Adhesive Tapes Ltd (NSE:SRIVASAVI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kodigehalli Main Road, Kodigehalli, 17/2, 2nd Floor, Above Sub Registrar Office, Near Chairman’s Club, Sahakarnagar, Sanjeevini Nagar, Bangalore, KA, IND, 560092

Website

https://www.vasavitapes.com

Srivasavi Adhesive Tapes Ltd is engaged in manufacturing, coating, converting and distribution of Adhesive tapes, Die cuts, Films, Foams and allied products. The company caters to various industries such as Automotive, Locomotives, Aerospace, Defence, Electrical & Electronics, Renewable Energy, Solar, Print & Paper, Food & Pharma, FMCG, White & Brown Goods, Furniture, Retail, Construction, Infrastructure, Sports & Fitness Equipment. The company has two business divisions Domestic Sales and Exports.

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