Sarthak Metals (NSE:SMLT) ROCE % : 5.76% (As of Dec. 2024)

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What is Sarthak Metals 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. Sarthak Metals's annualized ROCE % for the quarter that ended in Dec. 2024 was 5.76%.

Sarthak Metals ROCE % Historical Data

The historical data trend for Sarthak Metals'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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Sarthak Metals ROCE % Chart

Sarthak Metals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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20.70

26.37

56.47

43.98

17.45

Sarthak Metals Quarterly Data
	Sep19	Mar20	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															9.03	7.86	5.68	6.90	5.76

Sarthak Metals ROCE % Calculation

Sarthak Metals'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 )
	=	194.781	/	( ( (1099.868 - 40.335)	+	(1199.315 - 26.109) )	/ 2 )
	=	194.781	/	( (1059.533	+	1173.206)	/ 2 )
	=	194.781	/	1116.3695
	=	17.45 %

Sarthak Metals'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 )
	=	69.364	/	( ( (1211.087 - 13.413)	+	(1275.866 - 65.64) )	/ 2 )
	=	69.364	/	( ( 1197.674	+	1210.226 )	/ 2 )
	=	69.364	/	1203.95
	=	5.76 %

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

Sarthak Metals (NSE:SMLT) 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.

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Sarthak Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sarthak Metals Ltd (NSE:SMLT) » Definitions » ROCE %

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540393:India

Address

B.B.C. Colony, G.E. Road, Near Bhilai ITI, Khursipar, Bhilai, CT, IND, 490011

Website

http://www.sarthakmetals.com

Sarthak Metals Ltd focuses on precision metallurgy, enhancing steel manufacturing processes, and providing industrial welding consumables. The company is engaged in the manufacturing and selling of a wide variety of cored wires, ferroalloys, and aluminum flipping coils, providing products and solutions that are targeted to attaining precision in metallurgy and fine-tuning of steel manufacturing. The company generates the majority of its revenue from the sale of products within India.

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