Sabar Flex India (NSE:SABAR) ROCE % : 24.41% (As of Mar. 2024)

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What is Sabar Flex India 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. Sabar Flex India's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.41%.

Sabar Flex India ROCE % Historical Data

The historical data trend for Sabar Flex India'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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Sabar Flex India ROCE % Chart

Sabar Flex India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

17.40

19.45

17.64

16.23

24.41

Sabar Flex India Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
ROCE %	17.40	19.45	17.64	16.23	24.41

Sabar Flex India ROCE % Calculation

Sabar Flex India'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 )
	=	85.987	/	( ( (537.715 - 227.735)	+	(638.189 - 243.755) )	/ 2 )
	=	85.987	/	( (309.98	+	394.434)	/ 2 )
	=	85.987	/	352.207
	=	24.41 %

Sabar Flex India'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 )
	=	85.987	/	( ( (537.715 - 227.735)	+	(638.189 - 243.755) )	/ 2 )
	=	85.987	/	( ( 309.98	+	394.434 )	/ 2 )
	=	85.987	/	352.207
	=	24.41 %

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

Sabar Flex India (NSE:SABAR) 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.

Sabar Flex India ROCE % Related Terms

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Sabar Flex India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Sabar Flex India Ltd (NSE:SABAR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corporate Road, B1/104 Palladium Building, Near Orchid Wood, Opposite Divya Bhaskar, Prahaladnagar, Ahmedabad, GJ, IND, 380051

Website

https://www.sabarflex.com

Sabar Flex India Ltd engages in manufacturing packaging products made from plastics. The company supplies three different products, that is, Multilayer films, Printed laminates, and flexible packaging products. Its product portfolio consists of multi-color pouches, stand-up pouches, zip-lock pouches, vacuum pouches, paper bag, e-commerce bag.

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