Global Surfaces (BOM:543829) ROCE % : 6.41% (As of Dec. 2023)

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What is Global Surfaces 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. Global Surfaces's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.41%.

Global Surfaces ROCE % Historical Data

The historical data trend for Global Surfaces'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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Global Surfaces ROCE % Chart

Global Surfaces Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

32.05

40.09

25.86

10.81

Global Surfaces Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial					11.75	6.94	0.56	7.97	6.41

Global Surfaces ROCE % Calculation

Global Surfaces'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 )
	=	277.78	/	( ( (2364.82 - 491.21)	+	(4620.59 - 1355.04) )	/ 2 )
	=	277.78	/	( (1873.61	+	3265.55)	/ 2 )
	=	277.78	/	2569.58
	=	10.81 %

Global Surfaces'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 )
	=	225.88	/	( ( (4412.13 - 890.54)	+	(0 - 0) )	/ 1 )
	=	225.88	/	( ( 3521.59	+	0 )	/ 1 )
	=	225.88	/	3521.59
	=	6.41 %

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

Global Surfaces (BOM:543829) 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.

Global Surfaces ROCE % Related Terms

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Global Surfaces (BOM:543829) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Global Surfaces Ltd (BOM:543829) » Definitions » ROCE %

Traded in Other Exchanges

GSLSU:India

Address

Plot No. PA-10-006, Engineering and Related Industries SEZ, Mahindra World City Tehsil-Sanganer, Jaipur, RJ, IND, 302037

Website

https://www.globalsurfaces.in

Global Surfaces Ltd is engaged in processing natural stones and manufacturing engineered quartz. The Natural stones are produced through complex geological processes and forms various products like granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others that are quarried from the earth.

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