Surat Trade & Mercantile (BOM:530185) ROCE % : 5.38% (As of Mar. 2024)

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What is Surat Trade & Mercantile 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. Surat Trade & Mercantile's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.38%.

Surat Trade & Mercantile ROCE % Historical Data

The historical data trend for Surat Trade & Mercantile'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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Surat Trade & Mercantile ROCE % Chart

Surat Trade & Mercantile Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.96

-0.26

0.20

2.27

6.62

Surat Trade & Mercantile 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															1.34	7.85	5.31	8.09	5.38

Surat Trade & Mercantile ROCE % Calculation

Surat Trade & Mercantile'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 )
	=	135.227	/	( ( (1986.056 - 8.751)	+	(2115.96 - 10.177) )	/ 2 )
	=	135.227	/	( (1977.305	+	2105.783)	/ 2 )
	=	135.227	/	2041.544
	=	6.62 %

Surat Trade & Mercantile'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 )
	=	113.304	/	( ( (0 - 0)	+	(2115.96 - 10.177) )	/ 1 )
	=	113.304	/	( ( 0	+	2105.783 )	/ 1 )
	=	113.304	/	2105.783
	=	5.38 %

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

Surat Trade & Mercantile (BOM:530185) 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.

Surat Trade & Mercantile ROCE % Related Terms

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Surat Trade & Mercantile (BOM:530185) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Surat Trade & Mercantile Ltd (BOM:530185) » Definitions » ROCE %

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Address

Puna-Kumbharia Road, Tulsi Krupa Arcade, 6th Floor, Near Aai Mata Chowk, Dumbhal, Surat, GJ, IND, 395010

Website

http://www.surattextilemillsltd.com

Surat Textile Mills Ltd is engaged in the manufacturing and selling of Polyester filament yarn, polyester chips, and spun yarn. It produces ring-spun yarn for the domestic market in various ranges, such as 100% polyester, 100% viscose, 100% modal, polyester viscose blend, and polyester modal blend. The Company's business segment consists of a single segment of Commodity Trading. The company derives a majority of its revenue from the Commodity trading segment. Geographically, it derives the majority of its revenue from India..

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