Schaeffler India (NSE:SCHAEFFLER) ROCE % : 24.56% (As of Mar. 2024)

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What is Schaeffler 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. Schaeffler India's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.56%.

Schaeffler India ROCE % Historical Data

The historical data trend for Schaeffler 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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Schaeffler India ROCE % Chart

Schaeffler India Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.62

12.95

24.48

29.29

26.42

Schaeffler India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															27.13	28.89	28.55	23.69	24.56

Schaeffler India ROCE % Calculation

Schaeffler India's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	12167.3	/	( ( (57267.2 - 13778.9)	+	(62665.1 - 14051.5) )	/ 2 )
	=	12167.3	/	( (43488.3	+	48613.6)	/ 2 )
	=	12167.3	/	46050.95
	=	26.42 %

Schaeffler 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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	11941.6	/	( ( (62665.1 - 14051.5)	+	(0 - 0) )	/ 1 )
	=	11941.6	/	( ( 48613.6	+	0 )	/ 1 )
	=	11941.6	/	48613.6
	=	24.56 %

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

Schaeffler India (NSE:SCHAEFFLER) 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.

Schaeffler India ROCE % Related Terms

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Schaeffler India (NSE:SCHAEFFLER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Schaeffler India Ltd (NSE:SCHAEFFLER) » Definitions » ROCE %

Traded in Other Exchanges

505790:India

Address

Amar Sadanand Tech Park, 15th Floor, Plot No 3, Survey 105/3 104/1,Baner, Baner, Pune, MH, IND, 411045

Website

https://www.schaeffler.co.in

Schaeffler India Ltd is engaged in the manufacturing of rolling bearings spherical plain bearings, plain bearings, and linear products under the product brands INA and FAG. The Company supplies its products to the automotive industry. The Aftermarket business division of the company automotive is responsible for the automotive aftermarket business. Under the LuK, INA and FAG brands, it supplies components for transmissions, engines, and chassis in original equipment manufacturer quality and for all vehicle classes. Comprehensive services for repair shops and automotive distributors round out the product range. It has three segments i.e Industrial, Automotive Technologies, and Automotive Aftermarket.

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