SK International Export (BOM:542728) ROCE % : -2.88% (As of Sep. 2023)

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What is SK International Export 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. SK International Export's annualized ROCE % for the quarter that ended in Sep. 2023 was -2.88%.

SK International Export ROCE % Historical Data

The historical data trend for SK International Export'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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SK International Export ROCE % Chart

SK International Export Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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2.77

-7.84

-21.32

-10.06

2.82

SK International Export Semi-Annual Data
	Mar16	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial								2.48	-22.62	-8.27	14.22	-2.88

SK International Export ROCE % Calculation

SK International Export'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 )
	=	1.906	/	( ( (101.418 - 32.609)	+	(76.668 - 10.439) )	/ 2 )
	=	1.906	/	( (68.809	+	66.229)	/ 2 )
	=	1.906	/	67.519
	=	2.82 %

SK International Export's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-1.944	/	( ( (76.668 - 10.439)	+	(86.51 - 17.558) )	/ 2 )
	=	-1.944	/	( ( 66.229	+	68.952 )	/ 2 )
	=	-1.944	/	67.5905
	=	-2.88 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

SK International Export (BOM:542728) 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.

SK International Export ROCE % Related Terms

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SK International Export (BOM:542728) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » SK International Export Ltd (BOM:542728) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sitaram Jadhav Marg, Shah & Nahar Industrial Estate, Unit No. 78, Ground A2, Lower Parel, Mumbai, MH, IND, 400013

Website

http://www.skinternational.in

SK International Export Ltd is engaged in the manufacturing and marketing of women's and men's apparel. The products offered by the company include Scarves, Shawls, Sarongs, headbands, and Bandanas, and Beachwear garments, among others. It offers products in all qualities like silk, viscose, cotton, polyester, wool, and several blends. The company is entirely working in the textile business in the Indian cities of Mumbai and Noida.

SK International Export (BOM:542728) Headlines

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