Sah Polymers (BOM:543743) ROCE % : 4.06% (As of Mar. 2024)

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What is Sah Polymers 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. Sah Polymers's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.06%.

Sah Polymers ROCE % Historical Data

The historical data trend for Sah Polymers'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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Sah Polymers ROCE % Chart

Sah Polymers Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

8.07

11.48

25.90

11.54

4.76

Sah Polymers Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						5.82	6.79	3.77	4.39	4.06

Sah Polymers ROCE % Calculation

Sah Polymers'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 )
	=	46.13	/	( ( (1261.585 - 284.391)	+	(1314.954 - 354.844) )	/ 2 )
	=	46.13	/	( (977.194	+	960.11)	/ 2 )
	=	46.13	/	968.652
	=	4.76 %

Sah Polymers'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 )
	=	38.944	/	( ( (0 - 0)	+	(1314.954 - 354.844) )	/ 1 )
	=	38.944	/	( ( 0	+	960.11 )	/ 1 )
	=	38.944	/	960.11
	=	4.06 %

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

Sah Polymers (BOM:543743) 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.

Sah Polymers ROCE % Related Terms

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Sah Polymers (BOM:543743) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Sah Polymers Ltd (BOM:543743) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SAH:India

Address

E-260-261 Mewar Industrial Area, Opp UCCI, Madri, Udaipur, RJ, IND, 313003

Website

https://www.sahpolymers.com

Sah Polymers Ltd is engaged in manufacturing and selling Polypropylene (PP)/High-Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/LLDPE/PP woven fabrics, and woven polymers. It offers customized bulk packaging solutions to business-to-business manufacturers catering to different industries such as agro pesticides industry, basic drug industry, cement industry, cattle feed industry, chemical industry, metal industry, food products industry, textile industry, fertilizer industry, tyre Industry, and many more.

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