Saraswatiree Depot (BOM:544230) ROCE % : 83.51% (As of Mar. 2024)

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What is Saraswatiree Depot 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. Saraswatiree Depot's annualized ROCE % for the quarter that ended in Mar. 2024 was 83.51%.

Saraswatiree Depot ROCE % Historical Data

The historical data trend for Saraswatiree Depot'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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Saraswatiree Depot ROCE % Chart

Saraswatiree Depot Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

335.81

145.32

83.51

Saraswatiree Depot Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	-	335.81	145.32	83.51

Saraswatiree Depot ROCE % Calculation

Saraswatiree Depot'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 )
	=	418.78	/	( ( (1888.53 - 1534.71)	+	(2059.37 - 1410.27) )	/ 2 )
	=	418.78	/	( (353.82	+	649.1)	/ 2 )
	=	418.78	/	501.46
	=	83.51 %

Saraswatiree Depot'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: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	418.78	/	( ( (1888.53 - 1534.71)	+	(2059.37 - 1410.27) )	/ 2 )
	=	418.78	/	( ( 353.82	+	649.1 )	/ 2 )
	=	418.78	/	501.46
	=	83.51 %

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

Saraswatiree Depot (BOM:544230) 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.

Saraswatiree Depot ROCE % Related Terms

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Saraswatiree Depot Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Saraswati Saree Depot Ltd (BOM:544230) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SSDL:India

Address

Gandhinagar Road, Sr No.144/1 Manademala, Near Tawade Hotel, Uchagaon, Kolhapur, MH, IND, 416005

Website

https://www.saraswatisareedepot.com

Saraswati Saree Depot Ltd is a key player in the sarees wholesale (B2B) segment. It is also engaged in the wholesale business of other women's apparel wear such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc.

Saraswatiree Depot Headlines

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