Sacheta Metals (BOM:531869) ROCE % : 6.05% (As of Dec. 2023)

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What is Sacheta Metals 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. Sacheta Metals's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.05%.

Sacheta Metals ROCE % Historical Data

The historical data trend for Sacheta Metals'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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Sacheta Metals ROCE % Chart

Sacheta Metals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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11.55

8.93

10.79

9.93

9.87

Sacheta Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															13.37	10.27	6.98	5.56	6.05

Sacheta Metals ROCE % Calculation

Sacheta Metals's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	35.756	/	( ( (722.513 - 370.402)	+	(700.941 - 328.581) )	/ 2 )
	=	35.756	/	( (352.111	+	372.36)	/ 2 )
	=	35.756	/	362.2355
	=	9.87 %

Sacheta Metals's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	29.6	/	( ( (730.3 - 240.9)	+	(0 - 0) )	/ 1 )
	=	29.6	/	( ( 489.4	+	0 )	/ 1 )
	=	29.6	/	489.4
	=	6.05 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Sacheta Metals (BOM:531869) 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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Sacheta Metals (BOM:531869) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Sacheta Metals Ltd (BOM:531869) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Marve Road, Near Nutan School, 502, Sej Plaza, 5th Floor, Malad (West), Mumbai, MH, IND, 400064

Website

https://www.sacheta.com

Sacheta Metals Ltd is a manufacturer and exporter of Aluminium, Stainless, and mild steel Houseware kitchenware. Its products include Utensils, Sheets, Coils, Circles, Non-Stick, and Cookware such as Pressure cookers, Foil Chequered sheets, and PP Caps / Slug. It also manufactures Stainless Steel Kitchenware in India. The company operates mainly in the manufacturing of Aluminium Products.

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