Srivari Spices and Foods (NSE:SSFL) ROCE % : 56.67% (As of Mar. 2024)

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What is Srivari Spices and Foods 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. Srivari Spices and Foods's annualized ROCE % for the quarter that ended in Mar. 2024 was 56.67%.

Srivari Spices and Foods ROCE % Historical Data

The historical data trend for Srivari Spices and Foods'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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Srivari Spices and Foods ROCE % Chart

Srivari Spices and Foods Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

11.14

21.83

52.63

56.67

Srivari Spices and Foods Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	11.14	21.83	52.63	56.67

Srivari Spices and Foods ROCE % Calculation

Srivari Spices and Foods'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 )
	=	118.523	/	( ( (256.813 - 125.52)	+	(548.597 - 261.605) )	/ 2 )
	=	118.523	/	( (131.293	+	286.992)	/ 2 )
	=	118.523	/	209.1425
	=	56.67 %

Srivari Spices and Foods's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	118.523	/	( ( (256.813 - 125.52)	+	(548.597 - 261.605) )	/ 2 )
	=	118.523	/	( ( 131.293	+	286.992 )	/ 2 )
	=	118.523	/	209.1425
	=	56.67 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2024) EBIT data.

Srivari Spices and Foods (NSE:SSFL) 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.

Srivari Spices and Foods ROCE % Related Terms

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Srivari Spices and Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Srivari Spices and Foods Ltd (NSE:SSFL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

207, Second Floor, RDB Blue Hope, 4-1-878, 876, 877 and 877/1, Abids, Hyderabad, TG, IND, 500001

Website

https://www.srivarispices.com

Srivari Spices and Foods Ltd is engaged in the business of manufacturing spices and flour (chakki atta) and marketing and selling them in and around Telangana and Andhra Pradesh. The company handpicks its raw materials from various parts of the country and processes its products with utmost care without the use of artificial preservatives or chemicals, thereby creating a product portfolio of organic spices and flour, which carry the freshness and goodness of each ingredient.

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