Sanginita Chemicals (NSE:SANGINITA) ROCE % : 12.24% (As of Sep. 2023)

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What is Sanginita Chemicals 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. Sanginita Chemicals's annualized ROCE % for the quarter that ended in Sep. 2023 was 12.24%.

Sanginita Chemicals ROCE % Historical Data

The historical data trend for Sanginita Chemicals'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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Sanginita Chemicals ROCE % Chart

Sanginita Chemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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24.59

20.15

8.95

7.15

5.79

Sanginita Chemicals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															6.46	9.69	-0.21	10.75	12.24

Sanginita Chemicals ROCE % Calculation

Sanginita Chemicals'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 )
	=	24.768	/	( ( (792.042 - 358.94)	+	(794.99 - 372.506) )	/ 2 )
	=	24.768	/	( (433.102	+	422.484)	/ 2 )
	=	24.768	/	427.793
	=	5.79 %

Sanginita Chemicals's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	54.004	/	( ( (0 - 0)	+	(844.963 - 403.844) )	/ 1 )
	=	54.004	/	( ( 0	+	441.119 )	/ 1 )
	=	54.004	/	441.119
	=	12.24 %

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

Sanginita Chemicals (NSE:SANGINITA) 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.

Sanginita Chemicals ROCE % Related Terms

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Sanginita Chemicals (NSE:SANGINITA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sanginita Chemicals Ltd (NSE:SANGINITA) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Ch-Road, 301, 3rd Floor, Shalin Complex, Behind Megh-Malhar Complex, Sector -11, Gandhinagar, GJ, IND, 382011

Website

http://www.sanginitachemicals.co.in

Sanginita Chemicals Ltd is engaged in the manufacturing of inorganic metal-based chemicals. It offers Cuprous Chloride, Copper Sulphate, Copper Phthalocyanine Blue Crude, and Cupric Chloride. The company's products are widely used in dyes and pigment industries, paint industries, pharmaceuticals industries, electroplating industries, metal extraction industries and ink, Carbon paper, PVC pipe coating industries, and others. In addition, the company also undertakes the production of various other chemical products.

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