Vera Synthetic (NSE:VERA) ROCE % : 26.74% (As of Mar. 2024)

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What is Vera Synthetic 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. Vera Synthetic's annualized ROCE % for the quarter that ended in Mar. 2024 was 26.74%.

Vera Synthetic ROCE % Historical Data

The historical data trend for Vera Synthetic'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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Vera Synthetic ROCE % Chart

Vera Synthetic Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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18.32

17.78

15.93

13.65

12.49

Vera Synthetic Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial														22.62	16.45	11.03	-1.86	26.74

Vera Synthetic ROCE % Calculation

Vera Synthetic'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 )
	=	25.356	/	( ( (231.904 - 35.16)	+	(234.51 - 25.238) )	/ 2 )
	=	25.356	/	( (196.744	+	209.272)	/ 2 )
	=	25.356	/	203.008
	=	12.49 %

Vera Synthetic'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 )
	=	54.368	/	( ( (265.285 - 67.928)	+	(234.51 - 25.238) )	/ 2 )
	=	54.368	/	( ( 197.357	+	209.272 )	/ 2 )
	=	54.368	/	203.3145
	=	26.74 %

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

Vera Synthetic (NSE:VERA) 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.

Vera Synthetic ROCE % Related Terms

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Vera Synthetic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Vera Synthetic Ltd (NSE:VERA) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Dairy Road, Devubag, Office Number Upper Level (UL) - 27, Pattani Plaza, Nilam Baug, Bhavnagar, GJ, IND, 364002

Website

https://www.sujlonropes.com

Vera Synthetic Ltd is engaged in the manufacturing of fishing nets ropes and twine yarn. It has also diversified its portfolio into plastic engineering products. It manufactures and markets its product under the brand name Sujlon. Its product portfolio includes Fishing Nets, Fishing Ropes, Mono Twine, Mono Yarn, Plastic Graunals, and Polypropylene PP among others. Geographically, it operates only in India.