Seamec (BOM:526807) ROCE % : 19.57% (As of Mar. 2024)

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What is Seamec 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. Seamec's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.57%.

Seamec ROCE % Historical Data

The historical data trend for Seamec'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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Seamec ROCE % Chart

Seamec Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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25.45

15.91

11.30

3.98

13.73

Seamec 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															-2.74	13.34	-1.37	25.34	19.57

Seamec ROCE % Calculation

Seamec'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 )
	=	1362.8	/	( ( (10641.197 - 2068.981)	+	(14074.5 - 2800.6) )	/ 2 )
	=	1362.8	/	( (8572.216	+	11273.9)	/ 2 )
	=	1362.8	/	9923.058
	=	13.73 %

Seamec'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 )
	=	2206.4	/	( ( (0 - 0)	+	(14074.5 - 2800.6) )	/ 1 )
	=	2206.4	/	( ( 0	+	11273.9 )	/ 1 )
	=	2206.4	/	11273.9
	=	19.57 %

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

Seamec (BOM:526807) 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.

Seamec ROCE % Related Terms

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Seamec (BOM:526807) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Seamec Ltd (BOM:526807) » Definitions » ROCE %

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SEAMECLTD:India

Address

215 Atrium, Andheri Kurla Road, A 901-905, 9th Floor, Andheri (East), Mumbai, MH, IND, 400 093

Website

https://www.seamec.in

Seamec Ltd is engaged in the offshore and shipping business. It provides offshore oilfields support services through its multi-support diving vessels. Its support services include marine, construction, and diving services to offshore oilfields in India and abroad by its fleets like, SEAMEC I, which is a multi-support vessel, SEAMEC-II, and SEAMEC-III, which are multifunctional DSVs, SEAMEC PRINCESS, Seamec Gallant, and Barge Kreuz Glorious. The principal activities of the Company are Charter, Ship Management & Operation and Shipping Lines of Freight & Passengers Transportation. The company is organized in two geographical segments namely, a Domestic segment that contributes a major part of revenue and an Overseas segment.

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