Solis Marketing (BOM:538575) ROCE % : -2.47% (As of Mar. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Solis Marketing 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. Solis Marketing's annualized ROCE % for the quarter that ended in Mar. 2023 was -2.47%.

Solis Marketing ROCE % Historical Data

The historical data trend for Solis Marketing'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.

* Premium members only.

Solis Marketing ROCE % Chart

Solis Marketing Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

0.25

-3.87

-4.53

-4.95

-2.87

Solis Marketing Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															-11.08	-3.65	-3.77	-2.30	-2.47

Solis Marketing ROCE % Calculation

Solis Marketing'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 )
	=	-1.537	/	( ( (89.586 - 35.977)	+	(86.36 - 32.745) )	/ 2 )
	=	-1.537	/	( (53.609	+	53.615)	/ 2 )
	=	-1.537	/	53.612
	=	-2.87 %

Solis Marketing's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-1.324	/	( ( (0 - 0)	+	(86.36 - 32.745) )	/ 1 )
	=	-1.324	/	( ( 0	+	53.615 )	/ 1 )
	=	-1.324	/	53.615
	=	-2.47 %

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

Solis Marketing (BOM:538575) 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.

Solis Marketing ROCE % Related Terms

Thank you for viewing the detailed overview of Solis Marketing's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Solis Marketing (BOM:538575) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Solis Marketing Ltd (BOM:538575) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ansari Road, House No. 4346, Ground Floor, Gali Number 4C, Darya Ganj, New Delhi, IND, 110002

Website

http://www.suryamkt.com

Solis Marketing Ltd operates as an import and export company in India. It imports, exports, buys, and sells, as well as deals in manufacturing, buying, selling, exchange, marketing, distribution, and other activities related to automobile parts, ball, and roller bearings, beverages, chemicals, glass materials, textiles, readymade garments, timber products. The company also carries its business as general merchants and traders in goods and commodities, commission agents, buying selling agents, and importer exporters of retails products.

Solis Marketing (BOM:538575) Headlines

No Headlines