Salt Trading (XNEP:STC) ROCE % : 26.58% (As of Jul. 2023)

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What is Salt Trading 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. Salt Trading's annualized ROCE % for the quarter that ended in Jul. 2023 was 26.58%.

Salt Trading ROCE % Historical Data

The historical data trend for Salt Trading'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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Salt Trading ROCE % Chart

Salt Trading Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

46.27

46.46

30.66

17.28

26.58

Salt Trading Semi-Annual Data
	Jul19	Jul20	Jul21	Jul22	Jul23
ROCE %	46.27	46.46	30.66	17.28	26.58

Salt Trading ROCE % Calculation

Salt Trading's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	543.782	/	( ( (7225.004 - 5157.677)	+	(8884.073 - 6859.374) )	/ 2 )
	=	543.782	/	( (2067.327	+	2024.699)	/ 2 )
	=	543.782	/	2046.013
	=	26.58 %

Salt Trading's ROCE % of for the quarter that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2023 )		(Q: Jul. 2022 )		(Q: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2023 )		(Q: Jul. 2022 )		(Q: Jul. 2023 )
	=	543.782	/	( ( (7225.004 - 5157.677)	+	(8884.073 - 6859.374) )	/ 2 )
	=	543.782	/	( ( 2067.327	+	2024.699 )	/ 2 )
	=	543.782	/	2046.013
	=	26.58 %

(1) Note: The EBIT data used here is one times the annual (Jul. 2023) EBIT data.

Salt Trading (XNEP:STC) 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.

Salt Trading ROCE % Related Terms

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Salt Trading Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Salt Trading Corp (XNEP:STC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kalimati, P.O.Box: 483, Kathmandu, NPL

Website

http://www.stcnepal.com

Salt Trading Corp is engaged in the trading and distribution of salt and daily consumer goods in Nepal. The main commodities in which the company deals are food products and agricultural products, construction materials, Fuel and Lubricants, and other materials. The company earns maximum revenue from Food and agricultural items. It has business segments namely Fertilizer Sales, Salt Sales, Sugar sales, and others.