Samkrg Pistons and Rings (BOM:520075) ROCE % : 13.58% (As of Dec. 2023)

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What is Samkrg Pistons and Rings 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. Samkrg Pistons and Rings's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.58%.

Samkrg Pistons and Rings ROCE % Historical Data

The historical data trend for Samkrg Pistons and Rings'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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Samkrg Pistons and Rings ROCE % Chart

Samkrg Pistons and Rings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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21.90

16.60

14.06

11.08

11.57

Samkrg Pistons and Rings 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															11.37	10.00	4.57	5.86	13.58

Samkrg Pistons and Rings ROCE % Calculation

Samkrg Pistons and Rings'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 )
	=	220.55	/	( ( (2234.1 - 381.379)	+	(2351.381 - 392.442) )	/ 2 )
	=	220.55	/	( (1852.721	+	1958.939)	/ 2 )
	=	220.55	/	1905.83
	=	11.57 %

Samkrg Pistons and Rings'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 )
	=	269.228	/	( ( (2400.362 - 417.202)	+	(0 - 0) )	/ 1 )
	=	269.228	/	( ( 1983.16	+	0 )	/ 1 )
	=	269.228	/	1983.16
	=	13.58 %

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

Samkrg Pistons and Rings (BOM:520075) 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.

Samkrg Pistons and Rings ROCE % Related Terms

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Samkrg Pistons and Rings (BOM:520075) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Samkrg Pistons and Rings Ltd (BOM:520075) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7-1-58, Ameerpet, 1-201, Divyashakti Complex, Hyderabad, TG, IND, 500016

Website

https://www.samkrgpistonsandrings.com

Samkrg Pistons and Rings Ltd is involved in the auto parts business sector. It manufactures and markets Engineered pistons, Piston pins, Piston rings, and other automotive parts for scooters, motorcycles, cars, tractors, light commercial vehicles, stationary engines, and other special applications. The company operates in one business segment, the business of automotive components. The business generates revenue from Domestic and export sales, where the majority of revenue is generated from Domestic sales.

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