Saint-Gobain Sekurit India (BOM:515043) ROCE % : 23.77% (As of Dec. 2023)

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What is Saint-Gobain Sekurit India 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. Saint-Gobain Sekurit India's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.77%.

Saint-Gobain Sekurit India ROCE % Historical Data

The historical data trend for Saint-Gobain Sekurit India'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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Saint-Gobain Sekurit India ROCE % Chart

Saint-Gobain Sekurit India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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20.53

14.28

11.00

37.47

21.33

Saint-Gobain Sekurit India Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															20.71	24.10	23.78	25.20	23.77

Saint-Gobain Sekurit India ROCE % Calculation

Saint-Gobain Sekurit India's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	391.056	/	( ( (2050.04 - 223.588)	+	(2070.725 - 230.327) )	/ 2 )
	=	391.056	/	( (1826.452	+	1840.398)	/ 2 )
	=	391.056	/	1833.425
	=	21.33 %

Saint-Gobain Sekurit India's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	442.388	/	( ( (2148.244 - 286.953)	+	(0 - 0) )	/ 1 )
	=	442.388	/	( ( 1861.291	+	0 )	/ 1 )
	=	442.388	/	1861.291
	=	23.77 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Saint-Gobain Sekurit India (BOM:515043) 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.

Saint-Gobain Sekurit India ROCE % Related Terms

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Saint-Gobain Sekurit India (BOM:515043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Saint-Gobain Sekurit India Ltd (BOM:515043) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Pune-Nashik Road, Plot No. 616 and 617, Chakan, Village Kuruli, Pune, MH, IND, 410 501

Website

https://www.sekuritindia.com

Saint-Gobain Sekurit India Ltd is engaged in the manufacture and sale of automotive glass. The company is in the business of processing glasses to manufacture windshields, door glasses, and backlites. Geographically, it operates only in India. It generates revenue from the sale of Laminated Safety Glass and Tempered Glass. The company offers a range of windshields, tempered glasses and tempered backlites for passenger cars, utility vehicles, commercial vehicles, and three wheelers.

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