Sapan Chemicals (BOM:531781) ROCE % : -1.14% (As of Mar. 2018)

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What is Sapan Chemicals 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. Sapan Chemicals's annualized ROCE % for the quarter that ended in Mar. 2018 was -1.14%.

Sapan Chemicals ROCE % Historical Data

The historical data trend for Sapan Chemicals'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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Sapan Chemicals ROCE % Chart

Sapan Chemicals Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

ROCE %

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-0.24

-93.13

-72.15

-0.12

-0.03

Sapan Chemicals Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18
ROCE %	Get a 7-Day Free Trial															-0.79	2.54	-	-	-1.14

Sapan Chemicals ROCE % Calculation

Sapan Chemicals's annualized ROCE % for the fiscal year that ended in Mar. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2018 )		(A: Mar. 2017 )		(A: Mar. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2018 )		(A: Mar. 2017 )		(A: Mar. 2018 )
	=	-0.004	/	( ( (34.534 - 20.84)	+	(34.019 - 20.337) )	/ 2 )
	=	-0.004	/	( (13.694	+	13.682)	/ 2 )
	=	-0.004	/	13.688
	=	-0.03 %

Sapan Chemicals's ROCE % of for the quarter that ended in Mar. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2018 )		(Q: Dec. 2017 )		(Q: Mar. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2018 )		(Q: Dec. 2017 )		(Q: Mar. 2018 )
	=	-0.156	/	( ( (0 - 0)	+	(34.019 - 20.337) )	/ 1 )
	=	-0.156	/	( ( 0	+	13.682 )	/ 1 )
	=	-0.156	/	13.682
	=	-1.14 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2018) EBIT data.

Sapan Chemicals (BOM:531781) 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.

Sapan Chemicals ROCE % Related Terms

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Sapan Chemicals (BOM:531781) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Sapan Chemicals Ltd (BOM:531781) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Gotri Road, Near Rupal Park, B-1, Sadguru Complex, Vadodara, GJ, IND, 390021

Website

http://www.sapanchem.com

Sapan Chemicals Ltd is an India-based company engaged in the provisions of financial services. The company is involved in the business of trading in shares, broking, investments in shares and many more. It operates in single segment i.e. Share broking and Investment in shares.

Sapan Chemicals (BOM:531781) Headlines

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