Silkflex Polymers (India) (NSE:SILKFLEX) ROCE % : 47.86% (As of Sep. 2024)

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What is Silkflex Polymers (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. Silkflex Polymers (India)'s annualized ROCE % for the quarter that ended in Sep. 2024 was 47.86%.

Silkflex Polymers (India) ROCE % Historical Data

The historical data trend for Silkflex Polymers (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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Silkflex Polymers (India) ROCE % Chart

Silkflex Polymers (India) Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

14.44

16.73

20.47

Silkflex Polymers (India) Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
ROCE %	-	-	-	47.08	47.86

Silkflex Polymers (India) ROCE % Calculation

Silkflex Polymers (India)'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 )
	=	20.365	/	( ( (196.881 - 102.028)	+	(237.473 - 133.392) )	/ 2 )
	=	20.365	/	( (94.853	+	104.081)	/ 2 )
	=	20.365	/	99.467
	=	20.47 %

Silkflex Polymers (India)'s ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Sep. 2023 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Sep. 2023 )		(Q: Sep. 2024 )
	=	106.838	/	( ( (317.322 - 193.167)	+	(626.72 - 304.415) )	/ 2 )
	=	106.838	/	( ( 124.155	+	322.305 )	/ 2 )
	=	106.838	/	223.23
	=	47.86 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Silkflex Polymers (India) (NSE:SILKFLEX) 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.

Silkflex Polymers (India) ROCE % Related Terms

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Silkflex Polymers (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Silkflex Polymers (India) Ltd (NSE:SILKFLEX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Daga Complex, Sulati Jaladhulagori, Sankrail, Howrah, WB, IND, 711302

Website

https://www.silkflexindia.in

Silkflex Polymers (India) Ltd is engaged in the trading of textile printing inks and water-based wood coating polymer products of a Malaysian brand- "Silkflex" produced by Silkflex Polymers SDN BHD. The business is divided into two categories i.e., textile printing ink products and wood coating products. Textile printing ink products include screen coating, Glue, Machine grade non-pvc inks, Additives, and Specialty water-based non-pvc inks. Wood coating products include Base coat, Top coat, Stains, and Sealer.

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