Swastik Pipe (NSE:SWASTIK) ROCE % : 6.04% (As of Mar. 2024)

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What is Swastik Pipe 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. Swastik Pipe's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.04%.

Swastik Pipe ROCE % Historical Data

The historical data trend for Swastik Pipe'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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Swastik Pipe ROCE % Chart

Swastik Pipe Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

2.96

14.54

21.93

11.70

8.76

Swastik Pipe Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			-	9.51	13.23	11.45	6.04

Swastik Pipe ROCE % Calculation

Swastik Pipe'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 )
	=	225.426	/	( ( (3957.975 - 1386.062)	+	(4464.677 - 1891.674) )	/ 2 )
	=	225.426	/	( (2571.913	+	2573.003)	/ 2 )
	=	225.426	/	2572.458
	=	8.76 %

Swastik Pipe'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	155.762	/	( ( (4112.706 - 1528.305)	+	(4464.677 - 1891.674) )	/ 2 )
	=	155.762	/	( ( 2584.401	+	2573.003 )	/ 2 )
	=	155.762	/	2578.702
	=	6.04 %

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

Swastik Pipe (NSE:SWASTIK) 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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Swastik Pipe Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Swastik Pipe Ltd (NSE:SWASTIK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Asaf Ali Road, 1/23 B, First Floor, Daryaganj, Delhi, IND, 110002

Website

https://www.swastikpipes.com

Swastik Pipe Ltd is engaged in manufacturing of ERW Black Pipe, Galvanized Steel Tubes, Cold Rolled Strips, S.T. Poles, Solar Mounting Structures, etc. The Company has two production plants at Bahadurgarh, Haryana and at Kosi Kalan U.P.

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