Saroja Pharma Industries India (NSE:SAROJA) ROCE % : 19.76% (As of Mar. 2024)

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What is Saroja Pharma Industries 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. Saroja Pharma Industries India's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.76%.

Saroja Pharma Industries India ROCE % Historical Data

The historical data trend for Saroja Pharma Industries 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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Saroja Pharma Industries India ROCE % Chart

Saroja Pharma Industries India Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

55.25

55.58

36.47

19.76

Saroja Pharma Industries India Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	55.25	55.58	36.47	19.76

Saroja Pharma Industries India ROCE % Calculation

Saroja Pharma Industries 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 )
	=	24.873	/	( ( (213.399 - 134.292)	+	(265.624 - 92.919) )	/ 2 )
	=	24.873	/	( (79.107	+	172.705)	/ 2 )
	=	24.873	/	125.906
	=	19.76 %

Saroja Pharma Industries 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 )
	=	24.873	/	( ( (213.399 - 134.292)	+	(265.624 - 92.919) )	/ 2 )
	=	24.873	/	( ( 79.107	+	172.705 )	/ 2 )
	=	24.873	/	125.906
	=	19.76 %

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

Saroja Pharma Industries India (NSE:SAROJA) 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.

Saroja Pharma Industries India ROCE % Related Terms

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Saroja Pharma Industries India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Saroja Pharma Industries India Ltd (NSE:SAROJA) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Jata Shankar Dosa Marg, Shop No. 209, 2ND Floor, Ecstacy, City of Joy, Mulund west, Mumbai, MH, IND, 400080

Website

https://www.sarojapharma.com

Saroja Pharma Industries India Ltd is a company engaged in pharmaceutical and healthcare sector. The Company trades in Pharma Active Pharmaceutical Ingredients, Pharma Intermediates, Chemicals, Solvents used for pharmaceutical products human and veterinary medicines. The Company has only one reportable Business Segment which is Pharma Chemicals like Thionyl Chloride and Pharmaceuticals intermeddles etc.

Saroja Pharma Industries India Headlines

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