Saurashtra Cement (BOM:502175) ROCE % : 19.92% (As of Mar. 2024)

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What is Saurashtra Cement 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. Saurashtra Cement's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.92%.

Saurashtra Cement ROCE % Historical Data

The historical data trend for Saurashtra Cement'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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Saurashtra Cement ROCE % Chart

Saurashtra Cement Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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18.15

20.57

5.74

-1.98

9.61

Saurashtra Cement 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															9.50	8.34	1.22	8.71	19.92

Saurashtra Cement ROCE % Calculation

Saurashtra Cement'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 )
	=	979.436	/	( ( (13574.847 - 3756.189)	+	(15710.095 - 5149.545) )	/ 2 )
	=	979.436	/	( (9818.658	+	10560.55)	/ 2 )
	=	979.436	/	10189.604
	=	9.61 %

Saurashtra Cement'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 )
	=	2103.576	/	( ( (0 - 0)	+	(15710.095 - 5149.545) )	/ 1 )
	=	2103.576	/	( ( 0	+	10560.55 )	/ 1 )
	=	2103.576	/	10560.55
	=	19.92 %

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

Saurashtra Cement (BOM:502175) 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.

Saurashtra Cement ROCE % Related Terms

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Saurashtra Cement (BOM:502175) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Saurashtra Cement Ltd (BOM:502175) » Definitions » ROCE %

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SAURASHCEM:India

Address

Babubhai Chinai Marg, N. K. Mehta International House, Agrima Business Centre, 2nd Floor, 178, Backbay Reclamation, Mumbai, MH, IND, 400 020

Website

https://scl.mehtagroup.com

Saurashtra Cement Ltd is a cement and clinker manufacturing company based in India. The company manufactures cement under the brand name HATHI. The firm generates maximum revenue from India. Most of its revenue comes from the sales of the cement product. The Company operates in two reportable segment i.e. manufacture of Cement and Clinker and Paints. The company makes majority of its revenue from Cement and Clinker segment.

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