Sagardeep Alloys (NSE:SAGARDEEP) ROCE % : -0.80% (As of Mar. 2023)

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What is Sagardeep Alloys 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. Sagardeep Alloys's annualized ROCE % for the quarter that ended in Mar. 2023 was -0.80%.

Sagardeep Alloys ROCE % Historical Data

The historical data trend for Sagardeep Alloys'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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Sagardeep Alloys ROCE % Chart

Sagardeep Alloys Annual Data

Trend

Mar11

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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12.57

4.61

3.22

5.98

4.17

Sagardeep Alloys Quarterly Data
	Sep16	Mar17	Mar18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															6.78	5.17	6.49	-	-0.80

Sagardeep Alloys ROCE % Calculation

Sagardeep Alloys's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	12.119	/	( ( (444.598 - 149.443)	+	(351.426 - 64.767) )	/ 2 )
	=	12.119	/	( (295.155	+	286.659)	/ 2 )
	=	12.119	/	290.907
	=	4.17 %

Sagardeep Alloys's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-2.288	/	( ( (0 - 0)	+	(351.426 - 64.767) )	/ 1 )
	=	-2.288	/	( ( 0	+	286.659 )	/ 1 )
	=	-2.288	/	286.659
	=	-0.80 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

Sagardeep Alloys (NSE:SAGARDEEP) 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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Sagardeep Alloys (NSE:SAGARDEEP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sagardeep Alloys Ltd (NSE:SAGARDEEP) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Khatraj Road, Plot number 2070, Rajnagar Patia, Santej, Santej Kalol, Gandhinagar, GJ, IND, 382721

Website

https://www.sdalloys.com

Sagardeep Alloys Ltd manufactures basic precious and non-ferrous alloys. It is also a wholesaler of metal and metal ores. It is engaged in the manufacturing and trading of copper and brass products such as pipes and tubes and the trading of stainless steel, copper, brass, and other metal product. Its product offering consists of Gilding Metal, Commercial Bronze, Red Brass, Low Brass, Cartridge Brass, Yellow Brass, Muntz Metal, Cupro Nickel Tubes and Pipe, Cupro Nickel Rods, Stainless Steel Scrap Grades, Stainless Steel Pipes and Tubes, Stainless Steel Sheets / Plates, Stainless Steel Coils, Stainless Steel Bars, Copper Pipes and Tubes, Copper Flats, Copper Coils, Copper Rod, Copper Anodes / Nuggets, Copper Plates, Oxygen Free Copper.

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