Steel Authority Of India (NSE:SAIL) ROCE % : 5.56% (As of Dec. 2023)

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What is Steel Authority Of 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. Steel Authority Of India's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.56%.

Steel Authority Of India ROCE % Historical Data

The historical data trend for Steel Authority Of 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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Steel Authority Of India ROCE % Chart

Steel Authority Of India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.01

8.54

12.92

23.44

6.09

Steel Authority Of India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.99	10.25	4.44	11.22	5.56

Steel Authority Of India ROCE % Calculation

Steel Authority Of 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 )
	=	49299.1	/	( ( (1201091.2 - 393429.2)	+	(1304810.9 - 493342.8) )	/ 2 )
	=	49299.1	/	( (807662	+	811468.1)	/ 2 )
	=	49299.1	/	809565.05
	=	6.09 %

Steel Authority Of 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 )
	=	47060.4	/	( ( (1296080.2 - 449291.4)	+	(0 - 0) )	/ 1 )
	=	47060.4	/	( ( 846788.8	+	0 )	/ 1 )
	=	47060.4	/	846788.8
	=	5.56 %

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

Steel Authority Of India (NSE:SAIL) 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.

Steel Authority Of India ROCE % Related Terms

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Steel Authority Of India (NSE:SAIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Steel Authority Of India Ltd (NSE:SAIL) » Definitions » ROCE %

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500113:India

Address

Lodi Road, Ispat Bhawan, New Delhi, IND, 110003

Website

https://www.sail.co.in

Steel Authority Of India Ltd is a steelmaker. The company primarily produces flat steel products (including plates, sheets, coils, and galvanized plain), long steel products (rails, structural, wire rods, and merchant products), electric-resistance-welded pipes, and silicon steel sheets. Flat and long products account for the majority of the company's sales. The company runs five integrated steel plants and three alloy steel plants. It generates most of its revenue from the Indian domestic market.