Southern Petrochemicals Industries (LUX:STHPT) ROCE % : 35.91% (As of Jun. 2024)

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What is Southern Petrochemicals 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. Southern Petrochemicals Industries's annualized ROCE % for the quarter that ended in Jun. 2024 was 35.91%.

Southern Petrochemicals Industries ROCE % Historical Data

The historical data trend for Southern Petrochemicals 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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Southern Petrochemicals Industries ROCE % Chart

Southern Petrochemicals Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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17.18

17.90

27.89

36.14

18.29

Southern Petrochemicals Industries Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															29.45	26.99	19.93	-9.59	35.91

Southern Petrochemicals Industries ROCE % Calculation

Southern Petrochemicals 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 )
	=	25.057	/	( ( (267.611 - 131.052)	+	(212.351 - 74.928) )	/ 2 )
	=	25.057	/	( (136.559	+	137.423)	/ 2 )
	=	25.057	/	136.991
	=	18.29 %

Southern Petrochemicals Industries's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	49.352	/	( ( (212.351 - 74.928)	+	(0 - 0) )	/ 1 )
	=	49.352	/	( ( 137.423	+	0 )	/ 1 )
	=	49.352	/	137.423
	=	35.91 %

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

Southern Petrochemicals Industries (LUX:STHPT) 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.

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Southern Petrochemicals Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Southern Petrochemicals Industries Corp Ltd (LUX:STHPT) » Definitions » ROCE %

Comparable Companies

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SPIC:India 590030:India

Address

Number 88 Mount Road, SPIC House, Guindy, Chennai, TN, IND, 600 032

Website

https://www.spic.in

Southern Petrochemicals Industries Corp Ltd is a fertilizer manufacturing company. It is engaged in the manufacture and sale of Urea. The company produces fertilizers to improve soil consistency and efficiency for the agricultural sector. The business segments of the company are agro-input products concerned with urea operations and other products which include tissue culture and seeds. It offers products like chemical fertilizers, water-soluble fertilizers, organic fertilizers, micronutrients, plant growth regulators, and industrial products. The sale of agro-input products serves as the key revenue source for the company which is generated within India.

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