Salem Erode Investments (BOM:540181) ROCE % : -14.35% (As of Mar. 2024)

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What is Salem Erode Investments 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. Salem Erode Investments's annualized ROCE % for the quarter that ended in Mar. 2024 was -14.35%.

Salem Erode Investments ROCE % Historical Data

The historical data trend for Salem Erode Investments'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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Salem Erode Investments ROCE % Chart

Salem Erode Investments Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-0.22

7.50

3.55

-0.32

-4.61

Salem Erode Investments 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															-0.87	0.64	-0.85	-2.77	-14.35

Salem Erode Investments ROCE % Calculation

Salem Erode Investments'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 )
	=	-18.182	/	( ( (395.356 - 69.73)	+	(475.268 - 11.385) )	/ 2 )
	=	-18.182	/	( (325.626	+	463.883)	/ 2 )
	=	-18.182	/	394.7545
	=	-4.61 %

Salem Erode Investments'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 )
	=	-61.028	/	( ( (391.584 - 4.946)	+	(475.268 - 11.385) )	/ 2 )
	=	-61.028	/	( ( 386.638	+	463.883 )	/ 2 )
	=	-61.028	/	425.2605
	=	-14.35 %

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

Salem Erode Investments (BOM:540181) 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.

Salem Erode Investments ROCE % Related Terms

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Salem Erode Investments (BOM:540181) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Salem Erode Investments Ltd (BOM:540181) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Irinjalakuda Main Road, V. K. K. Building, Thrissur, KL, IND, 680121

Website

https://www.salemerode.com

Salem Erode Investments Ltd is engaged in the lending and investment business in India. It is a finance company that helps to secure the future financially and helps in the financial crisis. The company invests in listed and unlisted equity shares, debt instruments of companies in a wide range of industries, and mutual funds. It also lends money with or without security. The company generates revenue from interest income and dividends.

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