Setco Automotive (NSE:SETCO) ROCE % : 22.77% (As of Dec. 2024)

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What is Setco Automotive 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. Setco Automotive's annualized ROCE % for the quarter that ended in Dec. 2024 was 22.77%.

Setco Automotive ROCE % Historical Data

The historical data trend for Setco Automotive'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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Setco Automotive ROCE % Chart

Setco Automotive Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-0.78

-34.74

-47.26

-2.39

9.78

Setco Automotive Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															19.63	10.23	12.86	17.49	22.77

Setco Automotive ROCE % Calculation

Setco Automotive'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 )
	=	362.175	/	( ( (5744.367 - 2057.113)	+	(5557.022 - 1839.072) )	/ 2 )
	=	362.175	/	( (3687.254	+	3717.95)	/ 2 )
	=	362.175	/	3702.602
	=	9.78 %

Setco Automotive's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	919.6	/	( ( (5662 - 1624)	+	(0 - 0) )	/ 1 )
	=	919.6	/	( ( 4038	+	0 )	/ 1 )
	=	919.6	/	4038
	=	22.77 %

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

Setco Automotive (NSE:SETCO) 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.

Setco Automotive ROCE % Related Terms

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Setco Automotive Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Setco Automotive Ltd (NSE:SETCO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

505075:India

Address

54A, Tardeo Road, Near Film Center Building, Mumbai, MH, IND, 400 034

Website

https://www.setcoauto.com

Setco Automotive Ltd operates in the Auto Parts industry. It is solely engaged in the Auto components segment. The company is a manufacturer and supplier of Premium Quality Lipe brand clutches for Indian commercial vehicle manufacturers such as Tata Motors, Bharat Benz, Ashok Leyland, Man India, Mahindra and Mahindra, Volvo - Eicher Commercial Vehicles, and Asia Motor Works amongst others. It also manufactures clutches for hydraulic products for the construction equipment industry.

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