Simmonds Marshall (BOM:507998) ROCE % : 17.93% (As of Dec. 2023)

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What is Simmonds Marshall 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. Simmonds Marshall's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.93%.

Simmonds Marshall ROCE % Historical Data

The historical data trend for Simmonds Marshall'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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Simmonds Marshall ROCE % Chart

Simmonds Marshall Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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14.11

-7.42

-11.53

3.81

6.72

Simmonds Marshall 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															-5.36	16.34	8.12	17.05	17.93

Simmonds Marshall ROCE % Calculation

Simmonds Marshall'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 )
	=	61.135	/	( ( (1650.855 - 705.959)	+	(1664.769 - 791.513) )	/ 2 )
	=	61.135	/	( (944.896	+	873.256)	/ 2 )
	=	61.135	/	909.076
	=	6.72 %

Simmonds Marshall'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 )
	=	156.336	/	( ( (1631.343 - 759.448)	+	(0 - 0) )	/ 1 )
	=	156.336	/	( ( 871.895	+	0 )	/ 1 )
	=	156.336	/	871.895
	=	17.93 %

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

Simmonds Marshall (BOM:507998) 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.

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Simmonds Marshall (BOM:507998) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Simmonds Marshall Ltd (BOM:507998) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

5, Wallace Street, Apeejay Chambers, Fort, Mumbai, MH, IND, 400001

Website

http://www.simmondsmarshall.com

Simmonds Marshall Ltd is a manufacturer of industrial fasteners. It caters to the automotive and industrial sectors and supplies to almost all the major automobile manufacturers in India as original equipment suppliers. The company product range comprises of Cleveloc and all metal self-locking nuts, Dome cap, Slotted and castle, Nylon insert self-locking nuts, Bolts and Studs. It operates in two geographical segments: India and other countries, of which maximum revenue is derived from India.

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