The South India Paper Mills (BOM:516108) ROCE % : 1.46% (As of Mar. 2024)

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What is The South India Paper Mills 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. The South India Paper Mills's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.46%.

The South India Paper Mills ROCE % Historical Data

The historical data trend for The South India Paper Mills'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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The South India Paper Mills ROCE % Chart

The South India Paper Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.97

12.74

9.82

-2.09

0.14

The South India Paper Mills Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															4.96	-11.28	0.24	0.51	1.46

The South India Paper Mills ROCE % Calculation

The South India Paper Mills'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 )
	=	5.111	/	( ( (4897.622 - 1114.537)	+	(4565.209 - 1179.31) )	/ 2 )
	=	5.111	/	( (3783.085	+	3385.899)	/ 2 )
	=	5.111	/	3584.492
	=	0.14 %

The South India Paper Mills'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 )
	=	49.484	/	( ( (0 - 0)	+	(4565.209 - 1179.31) )	/ 1 )
	=	49.484	/	( ( 0	+	3385.899 )	/ 1 )
	=	49.484	/	3385.899
	=	1.46 %

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

The South India Paper Mills (BOM:516108) 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.

The South India Paper Mills ROCE % Related Terms

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The South India Paper Mills (BOM:516108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » The South India Paper Mills Ltd (BOM:516108) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

M.G. Road, No. 1205/1206, Prestige Meridian 2nd, Bangalore, KA, IND, 560001

Website

http://www.sipaper.com

The South India Paper Mills Ltd is the manufacturer of corrugating raw material and paper boards. It is also engaged in the manufacture of corrugated paper and paperboard, and containers of paper and paperboard and power generation. The company's only reportable business segment is Paper and paper products. The firm operates in India. The majority of the company's revenues are generated through paper and paper products.

The South India Paper Mills (BOM:516108) Headlines

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