Steelman Telecom (BOM:543622) ROCE % : -16.35% (As of Sep. 2024)

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What is Steelman Telecom 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. Steelman Telecom's annualized ROCE % for the quarter that ended in Sep. 2024 was -16.35%.

Steelman Telecom ROCE % Historical Data

The historical data trend for Steelman Telecom'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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Steelman Telecom ROCE % Chart

Steelman Telecom Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

17.52

20.65

26.19

8.02

-14.94

Steelman Telecom Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			-0.18	10.82	-8.01	-19.01	-16.35

Steelman Telecom ROCE % Calculation

Steelman Telecom'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 )
	=	-78.727	/	( ( (1033.796 - 478.482)	+	(1069.238 - 570.761) )	/ 2 )
	=	-78.727	/	( (555.314	+	498.477)	/ 2 )
	=	-78.727	/	526.8955
	=	-14.94 %

Steelman Telecom's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	-84.638	/	( ( (1069.238 - 570.761)	+	(1105.747 - 568.838) )	/ 2 )
	=	-84.638	/	( ( 498.477	+	536.909 )	/ 2 )
	=	-84.638	/	517.693
	=	-16.35 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Steelman Telecom (BOM:543622) 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.

Steelman Telecom ROCE % Related Terms

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Steelman Telecom Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Steelman Telecom Ltd (BOM:543622) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Street No. 315, New Town, Rishi Tower, Premises No. 02-315, Kolkata, WB, IND, 700156

Website

http://www.steelmantelecom.com

Steelman Telecom Ltd offer support services and solutions to address the network requirements of the telecom industry. The company provide services for network survey and planning, installation and commissioning, network testing and optimization, network solutions and managed services for network maintenance.

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