SKM Egg Products Export (India) (NSE:SKMEGGPROD) ROCE % : 23.86% (As of Dec. 2023)

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What is SKM Egg Products Export (India) 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. SKM Egg Products Export (India)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 23.86%.

SKM Egg Products Export (India) ROCE % Historical Data

The historical data trend for SKM Egg Products Export (India)'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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SKM Egg Products Export (India) ROCE % Chart

SKM Egg Products Export (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.61

9.04

19.65

9.65

60.59

SKM Egg Products Export (India) 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															97.22	73.20	88.30	52.60	23.86

SKM Egg Products Export (India) ROCE % Calculation

SKM Egg Products Export (India)'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 )
	=	1090.947	/	( ( (2326.846 - 970.052)	+	(3388.328 - 1144.225) )	/ 2 )
	=	1090.947	/	( (1356.794	+	2244.103)	/ 2 )
	=	1090.947	/	1800.4485
	=	60.59 %

SKM Egg Products Export (India)'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 )
	=	725.6	/	( ( (4513.2 - 1472.3)	+	(0 - 0) )	/ 1 )
	=	725.6	/	( ( 3040.9	+	0 )	/ 1 )
	=	725.6	/	3040.9
	=	23.86 %

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

SKM Egg Products Export (India) (NSE:SKMEGGPROD) 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.

SKM Egg Products Export (India) ROCE % Related Terms

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SKM Egg Products Export (India) (NSE:SKMEGGPROD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » SKM Egg Products Export (India) Ltd (NSE:SKMEGGPROD) » Definitions » ROCE %

Traded in Other Exchanges

532143:India

Address

133, 133/1, Gandhiji Road, Erode, TN, IND, 638001

Website

https://www.skmegg.com

SKM Egg Products Export (India) Ltd is the manufacturer and supplier of egg products. The company offer products such as Egg powder, Bakery mix, and Liquid egg. Its Egg powder product is used in bakery, pasta, noodles, meat, fish products, and mayonnaise. The Bakery mix products are used in cheesecake, biscuits, cakes, sponge cake, and swiss rolls. The Liquid eggs product provides egg albumen liquid, egg yolk liquid and whole egg liquid which are used in the preparation of noodles, fine food, ice cream, cosmetics, and confectionary items. It has five geographic segments: India, Japan, Russia, Europe and Rest of the world.

SKM Egg Products Export (India) (NSE:SKMEGGPROD) Headlines

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