SAR Auto Products (BOM:538992) ROCE % : 12.23% (As of Dec. 2023)

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What is SAR Auto Products 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. SAR Auto Products's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.23%.

SAR Auto Products ROCE % Historical Data

The historical data trend for SAR Auto Products'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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SAR Auto Products ROCE % Chart

SAR Auto Products Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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2.85

2.24

4.73

8.26

6.42

SAR Auto Products 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															6.45	0.29	8.24	10.71	12.23

SAR Auto Products ROCE % Calculation

SAR Auto Products'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 )
	=	10.01	/	( ( (215.475 - 62.703)	+	(245.06 - 85.967) )	/ 2 )
	=	10.01	/	( (152.772	+	159.093)	/ 2 )
	=	10.01	/	155.9325
	=	6.42 %

SAR Auto Products'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 )
	=	20.36	/	( ( (275.08 - 108.666)	+	(0 - 0) )	/ 1 )
	=	20.36	/	( ( 166.414	+	0 )	/ 1 )
	=	20.36	/	166.414
	=	12.23 %

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

SAR Auto Products (BOM:538992) 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.

SAR Auto Products ROCE % Related Terms

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SAR Auto Products (BOM:538992) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SAR Auto Products Ltd (BOM:538992) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

50-E, Bhaktinagar Industrial Estate, Rajkot, GJ, IND, 360002

Website

https://www.sarautoproductsltd.com

SAR Auto Products Ltd is carrying on the business of manufacturing auto components. The company manufactures auto components comprising of automobile gears like a spur, helical, straight bevel, sprockets along with transmission spline shaft, couplings and power takeoff clutches which are used for transmission, engine, and differential gearboxes. It operates in the manufacturing segment. The company caters to both domestic and international markets.

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