Sonal Mercantile (BOM:538943) ROCE % : 2.19% (As of Dec. 2023)

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What is Sonal Mercantile 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. Sonal Mercantile's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.19%.

Sonal Mercantile ROCE % Historical Data

The historical data trend for Sonal Mercantile'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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Sonal Mercantile ROCE % Chart

Sonal Mercantile Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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0.50

0.93

1.76

2.04

Sonal Mercantile 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															2.23	2.10	2.28	2.16	2.19

Sonal Mercantile ROCE % Calculation

Sonal Mercantile'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 )
	=	104.371	/	( ( (4230.577 - 35.106)	+	(6083.499 - 25.103) )	/ 2 )
	=	104.371	/	( (4195.471	+	6058.396)	/ 2 )
	=	104.371	/	5126.9335
	=	2.04 %

Sonal Mercantile'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 )
	=	142.732	/	( ( (6514.305 - 10.903)	+	(0 - 0) )	/ 1 )
	=	142.732	/	( ( 6503.402	+	0 )	/ 1 )
	=	142.732	/	6503.402
	=	2.19 %

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

Sonal Mercantile (BOM:538943) 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.

Sonal Mercantile ROCE % Related Terms

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Sonal Mercantile (BOM:538943) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Sonal Mercantile Ltd (BOM:538943) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

365, Vardhman Plaza, III Floor, Sector-3, Rohini, New Delhi, IND, 110085

Website

https://www.sonalmercantile.in

Sonal Mercantile Ltd is an India-based non-banking financial company. It is engaged in providing secured and unsecured loans and advances and is also involved in investing in quoted and unquoted securities in the stock and commodity markets. The company offers inter-corporate loans, personal loans, long-term and short-term loans, Trade financing, Bills Discounting, Project Appraisal, Loans against Guarantees, and Properties.

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