Styrenix Performance Materials (BOM:506222) ROCE % : 33.30% (As of Mar. 2024)

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What is Styrenix Performance Materials 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. Styrenix Performance Materials's annualized ROCE % for the quarter that ended in Mar. 2024 was 33.30%.

Styrenix Performance Materials ROCE % Historical Data

The historical data trend for Styrenix Performance Materials'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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Styrenix Performance Materials ROCE % Chart

Styrenix Performance Materials Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.26

43.85

46.17

29.28

30.18

Styrenix Performance Materials 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															30.46	22.47	37.16	24.42	33.30

Styrenix Performance Materials ROCE % Calculation

Styrenix Performance Materials'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 )
	=	2360.2	/	( ( (12627.713 - 4802.344)	+	(10378.5 - 2565.4) )	/ 2 )
	=	2360.2	/	( (7825.369	+	7813.1)	/ 2 )
	=	2360.2	/	7819.2345
	=	30.18 %

Styrenix Performance Materials'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 )
	=	2602	/	( ( (0 - 0)	+	(10378.5 - 2565.4) )	/ 1 )
	=	2602	/	( ( 0	+	7813.1 )	/ 1 )
	=	2602	/	7813.1
	=	33.30 %

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

Styrenix Performance Materials (BOM:506222) 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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Styrenix Performance Materials (BOM:506222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Styrenix Performance Materials Ltd (BOM:506222) » Definitions » ROCE %

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STYRENIX:India

Address

Dr. Vikram Sarabhai Marg, 9th Floor, “Shiva”, Sarabhai Complex, Vadiwadi, Vadodara, GJ, IND, 390023

Website

https://www.styrenix.com

Styrenix Performance Materials Ltd is a producer of Absolac (ABS) and Absolan (SAN) in India. ABS is a plastic resin produced from acrylonitrile, butadiene, and styrene, used for manufacturing home appliances, automobiles, consumer durables, and machinery. Absolan(SAN) is a polymerized plastic resin produced from styrene and acrylonitrile and is mainly used for products such as lighting, stationery, novelties, refrigerators, and cosmetic packing. The company operates in two segments namely Specialties and Polystyrene, of which the majority of the revenue is generated from the Specialties segment. Specialties include ABS and SAN. All the business activities of the firm functioned throughout the region of India.

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