Swelect Energy Systems (NSE:SWELECTES) ROCE % : 11.54% (As of Sep. 2024)

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What is Swelect Energy Systems 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. Swelect Energy Systems's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.54%.

Swelect Energy Systems ROCE % Historical Data

The historical data trend for Swelect Energy Systems'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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Swelect Energy Systems ROCE % Chart

Swelect Energy Systems Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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1.19

5.21

7.86

5.75

10.13

Swelect Energy Systems Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															5.26	7.94	18.43	8.18	11.54

Swelect Energy Systems ROCE % Calculation

Swelect Energy Systems'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 )
	=	1090.426	/	( ( (14870.44 - 4410.505)	+	(16619.646 - 5557.235) )	/ 2 )
	=	1090.426	/	( (10459.935	+	11062.411)	/ 2 )
	=	1090.426	/	10761.173
	=	10.13 %

Swelect Energy Systems'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	1219.128	/	( ( (0 - 0)	+	(16476.554 - 5908.226) )	/ 1 )
	=	1219.128	/	( ( 0	+	10568.328 )	/ 1 )
	=	1219.128	/	10568.328
	=	11.54 %

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

Swelect Energy Systems (NSE:SWELECTES) 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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Swelect Energy Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Swelect Energy Systems Ltd (NSE:SWELECTES) » Definitions » ROCE %

Traded in Other Exchanges

532051:India

Address

No. 5, Sir P.S. Sivasamy Salai, Swelect House, Mylapore, Chennai, TN, IND, 600 004

Website

https://www.swelectes.com

Swelect Energy Systems Ltd is engaged in the business of manufacturing and trading Solar power projects, off-grid solar photovoltaic modules, based on crystalline silicon technology (c-Si), solar and wind power generation, contract manufacturing services, installation and maintenance services, and others. The company's operating segments include Solar and Solar Related Activities, Foundry Business, and Others. It generates maximum revenue from the Solar segment. Geographically, it derives a majority of its revenue from India.

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