SKP Bearing Industries (NSE:SKP) ROCE % : 12.22% (As of Sep. 2024)

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What is SKP Bearing Industries 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. SKP Bearing Industries's annualized ROCE % for the quarter that ended in Sep. 2024 was 12.22%.

SKP Bearing Industries ROCE % Historical Data

The historical data trend for SKP Bearing Industries'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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SKP Bearing Industries ROCE % Chart

SKP Bearing Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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35.94

28.80

11.85

45.56

26.91

SKP Bearing Industries Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial				53.00	37.41	23.32	33.00	12.22

SKP Bearing Industries ROCE % Calculation

SKP Bearing Industries'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 )
	=	164.009	/	( ( (526.071 - 70.175)	+	(902.711 - 139.69) )	/ 2 )
	=	164.009	/	( (455.896	+	763.021)	/ 2 )
	=	164.009	/	609.4585
	=	26.91 %

SKP Bearing Industries'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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	92.878	/	( ( (902.711 - 139.69)	+	(925.11 - 168.562) )	/ 2 )
	=	92.878	/	( ( 763.021	+	756.548 )	/ 2 )
	=	92.878	/	759.7845
	=	12.22 %

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

SKP Bearing Industries (NSE:SKP) 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.

SKP Bearing Industries ROCE % Related Terms

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SKP Bearing Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKP Bearing Industries Ltd (NSE:SKP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No.2127, Mulchand Road, Surendranagar District, Wadhwan, GJ, IND, 363030

Website

https://www.skpbearings.com

SKP Bearing Industries Ltd is engaged in manufacturing needle rollers, cylindrical rollers, pins, steel balls, and other related products, generation of electricity through windmill power projects, and solar power projects. The company supplies its products to diverse industries such as textiles, automobiles, etc. across India. The company also exports rolling elements to international customers in Brazil, Argentina, UAE, and others.

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