Sita Enterprises (BOM:512589) ROCE % : 19.66% (As of Dec. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Sita Enterprises 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. Sita Enterprises's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.66%.

Sita Enterprises ROCE % Historical Data

The historical data trend for Sita Enterprises'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.

* Premium members only.

Sita Enterprises ROCE % Chart

Sita Enterprises Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

1.19

5.87

4.15

8.29

4.66

Sita Enterprises 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															10.69	3.45	20.63	36.97	19.66

Sita Enterprises ROCE % Calculation

Sita Enterprises'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 )
	=	5.295	/	( ( (111.953 - 0.539)	+	(116.199 - 0.524) )	/ 2 )
	=	5.295	/	( (111.414	+	115.675)	/ 2 )
	=	5.295	/	113.5445
	=	4.66 %

Sita Enterprises'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 )
	=	26.232	/	( ( (133.984 - 0.534)	+	(0 - 0) )	/ 1 )
	=	26.232	/	( ( 133.45	+	0 )	/ 1 )
	=	26.232	/	133.45
	=	19.66 %

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

Sita Enterprises (BOM:512589) 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.

Sita Enterprises ROCE % Related Terms

Thank you for viewing the detailed overview of Sita Enterprises's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Sita Enterprises (BOM:512589) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Sita Enterprises Ltd (BOM:512589) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tardeo Road, 415-416, Arun Chambers, 4th Floor, Mumbai, MH, IND, 400034

Website

https://www.sitaenterprises.com

Sita Enterprises Ltd is a non-banking finance company. It is engaged in the business of investment and finance. The company invests in shares, securities, properties, units of venture capital funds, and other investment instruments. It is also engaged in the lending business and advancing loans to parties. The company has been earning income from interest, dividends, and gains from the disposal of investments.

Sita Enterprises (BOM:512589) Headlines

No Headlines