Steel Strips Wheels (NSE:SSWL) ROCE % : 21.80% (As of Dec. 2023)

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What is Steel Strips Wheels 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. Steel Strips Wheels's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.80%.

Steel Strips Wheels ROCE % Historical Data

The historical data trend for Steel Strips Wheels'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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Steel Strips Wheels ROCE % Chart

Steel Strips Wheels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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15.35

8.56

10.34

26.97

24.44

Steel Strips Wheels 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															22.61	24.31	24.16	23.86	21.80

Steel Strips Wheels ROCE % Calculation

Steel Strips Wheels'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 )
	=	3747.597	/	( ( (27015.904 - 12013.492)	+	(27813.593 - 12152.007) )	/ 2 )
	=	3747.597	/	( (15002.412	+	15661.586)	/ 2 )
	=	3747.597	/	15331.999
	=	24.44 %

Steel Strips Wheels'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 )
	=	3829.94	/	( ( (29993.077 - 12424.55)	+	(0 - 0) )	/ 1 )
	=	3829.94	/	( ( 17568.527	+	0 )	/ 1 )
	=	3829.94	/	17568.527
	=	21.80 %

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

Steel Strips Wheels (NSE:SSWL) 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.

Steel Strips Wheels ROCE % Related Terms

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Steel Strips Wheels (NSE:SSWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Steel Strips Wheels Ltd (NSE:SSWL) » Definitions » ROCE %

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513262:India

Address

Madhya Marg, SCO 49-50, Sector 26, Chandigarh, IND, 160 019

Website

https://www.sswlindia.com

Steel Strips Wheels Ltd is an India-based automotive steel wheels manufacturing company. It is engaged in the designing and manufacturing business of Steel wheel rims and Alloy wheel rims catering to different segments of the automobile industry. The company operates in India and has a presence in international markets as well. The group generates the majority of its revenue from India.

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