Sky Gold (BOM:541967) ROCE % : 36.10% (As of Mar. 2024)

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What is Sky Gold 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. Sky Gold's annualized ROCE % for the quarter that ended in Mar. 2024 was 36.10%.

Sky Gold ROCE % Historical Data

The historical data trend for Sky Gold'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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Sky Gold ROCE % Chart

Sky Gold Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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29.25

22.66

39.17

41.09

27.21

Sky Gold Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-	-	42.15	47.70	36.10

Sky Gold ROCE % Calculation

Sky Gold'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 )
	=	746.241	/	( ( (0 - 0)	+	(5856.426 - 3114.077) )	/ 1 )
	=	746.241	/	( (0	+	2742.349)	/ 1 )
	=	746.241	/	2742.349
	=	27.21 %

Sky Gold'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 )
	=	989.9	/	( ( (0 - 0)	+	(5856.426 - 3114.077) )	/ 1 )
	=	989.9	/	( ( 0	+	2742.349 )	/ 1 )
	=	989.9	/	2742.349
	=	36.10 %

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

Sky Gold (BOM:541967) 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.

Sky Gold ROCE % Related Terms

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Sky Gold (BOM:541967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sky Gold Ltd (BOM:541967) » Definitions » ROCE %

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SKYGOLD:India

Address

Kalbadevi Road, 267-271, Kanak Chambers, Office No.12A,13,14, 1st Floor, Opposite Adarsh Hotel, Mumbai, MH, IND, 400 002

Website

https://www.skygold.co.in

Sky Gold Ltd is an India-based company engaged in the business of designing, manufacturing, and marketing gold jewelry. It caters to a large number of wholesalers, showrooms, and retailers who buy the products in bulk quantities. The company's product portfolio includes Finger rings, Earrings, Studs, Chains, Pendants, pendant sets, Double hook pendants, Bracelets, Necklaces, and Bangles among others.

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