Siyaram Recycling Industries (BOM:544047) ROCE % : 33.15% (As of Sep. 2024)

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What is Siyaram Recycling Industries 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. Siyaram Recycling Industries's annualized ROCE % for the quarter that ended in Sep. 2024 was 33.15%.

Siyaram Recycling Industries ROCE % Historical Data

The historical data trend for Siyaram Recycling Industries'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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Siyaram Recycling Industries ROCE % Chart

Siyaram Recycling Industries Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

6.73

14.13

31.19

24.98

Siyaram Recycling Industries Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			-	-	32.39	22.26	33.15

Siyaram Recycling Industries ROCE % Calculation

Siyaram Recycling Industries'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 )
	=	162.103	/	( ( (1513.301 - 1004.71)	+	(1703.344 - 913.914) )	/ 2 )
	=	162.103	/	( (508.591	+	789.43)	/ 2 )
	=	162.103	/	649.0105
	=	24.98 %

Siyaram Recycling Industries'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 )
	=	275.794	/	( ( (1703.344 - 913.914)	+	(1978.876 - 1104.514) )	/ 2 )
	=	275.794	/	( ( 789.43	+	874.362 )	/ 2 )
	=	275.794	/	831.896
	=	33.15 %

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

Siyaram Recycling Industries (BOM:544047) 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.

Siyaram Recycling Industries ROCE % Related Terms

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Siyaram Recycling Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Siyaram Recycling Industries Ltd (BOM:544047) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 6 & 7, Village: Lakhabaval Post: Khodiyar Colony, Jamnagar, GJ, IND, 361006

Website

https://www.siyaramindustries.co.in

Siyaram Recycling Industries Ltd is primarily engaged in the segregation of brass scrap, manufacturing of brass ingots, billets and brass rods and manufacturing of brass-based components such as plumbing and sanitary parts. The company also manufactures brass ingots, billets and rods through brass scrap and is mainly exported to China. Additionally, it supplies brass ingots to esteemed customers in India such as Astral Limited, Kajaria Bathware and AGI Greenpac. It procures brass scrap mainly from international market such as USA, UK, Europe and Middle East. Post procurement, segregation of brass is done and is mainly sold by in Gujarat.

Siyaram Recycling Industries Headlines

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