Sizemasters Technology (BOM:513496) ROCE % : 41.31% (As of Sep. 2024)

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What is Sizemasters Technology 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. Sizemasters Technology's annualized ROCE % for the quarter that ended in Sep. 2024 was 41.31%.

Sizemasters Technology ROCE % Historical Data

The historical data trend for Sizemasters Technology'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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Sizemasters Technology ROCE % Chart

Sizemasters Technology Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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1.41

0.55

0.75

2.49

22.43

Sizemasters Technology Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															26.82	14.93	23.93	23.98	41.31

Sizemasters Technology ROCE % Calculation

Sizemasters Technology'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 )
	=	23.997	/	( ( (108.887 - 9.612)	+	(275.51 - 160.784) )	/ 2 )
	=	23.997	/	( (99.275	+	114.726)	/ 2 )
	=	23.997	/	107.0005
	=	22.43 %

Sizemasters Technology's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	52.788	/	( ( (0 - 0)	+	(297.046 - 169.256) )	/ 1 )
	=	52.788	/	( ( 0	+	127.79 )	/ 1 )
	=	52.788	/	127.79
	=	41.31 %

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

Sizemasters Technology (BOM:513496) 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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Sizemasters Technology Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sizemasters Technology Ltd (BOM:513496) » Definitions » ROCE %

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Address

Final Plot 123, Ramtekdi Industrial Estate, Hadapsar, Pune, MH, IND, 411013

Website

https://www.sizemasters.in

Sizemasters Technology Ltd is a material calibration laboratory, providing calibration solutions. It provides a complete range of technical services that allow customers to use Size Masters Calibration Services as a single source for various calibration, validation & testing needs. It manufactures thread gauges, plain gauges, multi-gauging, taper gauges, spline gauges, and relation gauges.

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