Swaraj Engines (BOM:500407) ROCE % : 50.20% (As of Mar. 2024)

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What is Swaraj Engines 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. Swaraj Engines's annualized ROCE % for the quarter that ended in Mar. 2024 was 50.20%.

Swaraj Engines ROCE % Historical Data

The historical data trend for Swaraj Engines'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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Swaraj Engines ROCE % Chart

Swaraj Engines Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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37.69

46.83

49.09

54.36

51.01

Swaraj Engines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															42.99	53.89	60.81	40.67	50.20

Swaraj Engines ROCE % Calculation

Swaraj Engines'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 )
	=	1852.2	/	( ( (5361.345 - 1863.621)	+	(5568 - 1803.2) )	/ 2 )
	=	1852.2	/	( (3497.724	+	3764.8)	/ 2 )
	=	1852.2	/	3631.262
	=	51.01 %

Swaraj Engines'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 )
	=	1890	/	( ( (0 - 0)	+	(5568 - 1803.2) )	/ 1 )
	=	1890	/	( ( 0	+	3764.8 )	/ 1 )
	=	1890	/	3764.8
	=	50.20 %

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

Swaraj Engines (BOM:500407) 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.

Swaraj Engines ROCE % Related Terms

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Swaraj Engines (BOM:500407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Swaraj Engines Ltd (BOM:500407) » Definitions » ROCE %

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SWARAJENG:India

Address

Phase-IV, Industrial Area, S.A.S. Nagar, Mohali, PB, IND, 160 055

Website

https://www.swarajenterprise.com

Swaraj Engines Ltd is an India-based company engaged in the principal business of manufacturing and selling diesel engines for tractors. It operates in the segments of manufacturing Diesel engines, Diesel engine components, and Spare parts. It derives a majority of its revenue from the sale of Engines. The Engine products offered by the company comprise the range 20-30 HP, 30-40 HP, 40-50 HP and 50-60 HP.

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