Super Tannery (BOM:523842) ROCE % : 8.64% (As of Dec. 2023)

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What is Super Tannery 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. Super Tannery's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.64%.

Super Tannery ROCE % Historical Data

The historical data trend for Super Tannery'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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Super Tannery ROCE % Chart

Super Tannery Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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13.22

9.36

11.12

10.39

11.11

Super Tannery 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															10.16	13.39	9.51	11.07	8.64

Super Tannery ROCE % Calculation

Super Tannery'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 )
	=	113.85	/	( ( (2321.188 - 1328.738)	+	(2245.977 - 1188.921) )	/ 2 )
	=	113.85	/	( (992.45	+	1057.056)	/ 2 )
	=	113.85	/	1024.753
	=	11.11 %

Super Tannery'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 )
	=	93.568	/	( ( (2275.039 - 1192.269)	+	(0 - 0) )	/ 1 )
	=	93.568	/	( ( 1082.77	+	0 )	/ 1 )
	=	93.568	/	1082.77
	=	8.64 %

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

Super Tannery (BOM:523842) 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.

Super Tannery ROCE % Related Terms

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Super Tannery (BOM:523842) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Super Tannery Ltd (BOM:523842) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

187/170, Jajmau Road, Kanpur, UP, IND, 208010

Website

https://www.supertannery.com

Super Tannery Ltd is an India-based leather manufacturing company. It is a Buffalo leather tannery, supplying a chain of leather and allied products in markets. It manufactures leather for automotive and furniture upholstery, Safety and lifestyle footwear, Bags, Belts, Sporting goods, and Equestrian equipment. The company operates in India and internationally. It generates the majority of its revenue from its sale of leather products in export markets, which comprises mostly finished leather products.

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