STL Global (NSE:SGL) ROCE % : 0.98% (As of Dec. 2023)

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What is STL Global 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. STL Global's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.98%.

STL Global ROCE % Historical Data

The historical data trend for STL Global'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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STL Global ROCE % Chart

STL Global Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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69.26

1.48

2.87

6.89

1.59

STL Global Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-5.55	0.86	-11.04	-0.43	0.98

STL Global ROCE % Calculation

STL Global'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 )
	=	7.641	/	( ( (822.341 - 297.977)	+	(665.107 - 229.309) )	/ 2 )
	=	7.641	/	( (524.364	+	435.798)	/ 2 )
	=	7.641	/	480.081
	=	1.59 %

STL Global's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	4.52	/	( ( (649.074 - 189.049)	+	(0 - 0) )	/ 1 )
	=	4.52	/	( ( 460.025	+	0 )	/ 1 )
	=	4.52	/	460.025
	=	0.98 %

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

STL Global (NSE:SGL) 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.

STL Global ROCE % Related Terms

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STL Global (NSE:SGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » STL Global Ltd (NSE:SGL) » Definitions » ROCE %

Traded in Other Exchanges

532730:India

Address

Plot Number 207-208, Sector-58, Faridabad, HR, IND, 121004

Website

https://www.stl-global.com

STL Global Ltd is an India-based firm engaged in the manufacturing, distribution, and trading of textiles and related products. The company is organized in single segments namely, the Textile segment comprises of processed dyed & finished fabric, knitted fabric and others. Majority of its revenue comes from the Indian market. Majority of revenue is generated from sale of goods.

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