SNL Bearings (BOM:505827) ROCE % : 19.44% (As of Mar. 2024)

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What is SNL Bearings 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. SNL Bearings's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.44%.

SNL Bearings ROCE % Historical Data

The historical data trend for SNL Bearings'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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SNL Bearings ROCE % Chart

SNL Bearings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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15.53

21.52

25.50

21.07

18.31

SNL Bearings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															16.06	15.92	20.17	18.42	19.44

SNL Bearings ROCE % Calculation

SNL Bearings's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	107.4	/	( ( (623.4 - 65.5)	+	(665.2 - 49.9) )	/ 2 )
	=	107.4	/	( (557.9	+	615.3)	/ 2 )
	=	107.4	/	586.6
	=	18.31 %

SNL Bearings's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	119.6	/	( ( (0 - 0)	+	(665.2 - 49.9) )	/ 1 )
	=	119.6	/	( ( 0	+	615.3 )	/ 1 )
	=	119.6	/	615.3
	=	19.44 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

SNL Bearings (BOM:505827) 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.

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SNL Bearings (BOM:505827) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SNL Bearings Ltd (BOM:505827) » Definitions » ROCE %

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Address

Dhannur, 15, Sir P.M. Road, Fort, Mumbai, MH, IND, 400 001

Website

https://www.snlbearings.in

SNL Bearings Ltd is engaged in the manufacture and marketing of antifriction bearing products and other related activities. The company manufactures a wide range of needle roller bearings for automotive applications to serve OEMs (original equipment manufacturer) in India and overseas. Its products include a small end cage, big end cage, full complement shell, cage guided shell, needle roller, and others. Geographically, it derives a majority of revenue from India.

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