Singer India (BOM:505729) ROCE % : 3.12% (As of Dec. 2023)

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What is Singer India 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. Singer India's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.12%.

Singer India ROCE % Historical Data

The historical data trend for Singer India'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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Singer India ROCE % Chart

Singer India Annual Data

Trend

Jun14

Jun15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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26.48

23.08

25.25

13.56

10.62

Singer India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															3.30	1.07	0.81	4.91	3.12

Singer India ROCE % Calculation

Singer India'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 )
	=	115.5	/	( ( (1731.039 - 933.37)	+	(2207.9 - 830.8) )	/ 2 )
	=	115.5	/	( (797.669	+	1377.1)	/ 2 )
	=	115.5	/	1087.3845
	=	10.62 %

Singer India'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 )
	=	44	/	( ( (2193.2 - 784.9)	+	(0 - 0) )	/ 1 )
	=	44	/	( ( 1408.3	+	0 )	/ 1 )
	=	44	/	1408.3
	=	3.12 %

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

Singer India (BOM:505729) 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.

Singer India ROCE % Related Terms

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Singer India (BOM:505729) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Singer India Ltd (BOM:505729) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mohan Cooperative Industrial Estate, A-26/4, 2nd Floor, New Delhi, IND, 110044

Website

https://www.singerindia.com

Singer India Ltd is an Indian-based firm engaged in the business of trading and manufacturing sewing products and also conducts trading in domestic appliances. The company operates in two business segments namely, the Sewing machines and related accessories segment comprises of production and distribution of sewing products which includes sewing machine accessories and related products which also contribute to revenue, and the Domestic appliances segment includes steam irons, food processors, mixers, and air coolers. The majority of the revenue is from the Sewing machines and related accessories segment.

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