Supershakti Metaliks (BOM:541701) ROCE % : 6.68% (As of Sep. 2023)

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What is Supershakti Metaliks 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. Supershakti Metaliks's annualized ROCE % for the quarter that ended in Sep. 2023 was 6.68%.

Supershakti Metaliks ROCE % Historical Data

The historical data trend for Supershakti Metaliks'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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Supershakti Metaliks ROCE % Chart

Supershakti Metaliks Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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34.17

12.09

10.45

13.65

20.48

Supershakti Metaliks Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial											19.05	12.19	31.84	11.64	6.68

Supershakti Metaliks ROCE % Calculation

Supershakti Metaliks'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 )
	=	465.457	/	( ( (2505.906 - 557.755)	+	(3055.065 - 458.518) )	/ 2 )
	=	465.457	/	( (1948.151	+	2596.547)	/ 2 )
	=	465.457	/	2272.349
	=	20.48 %

Supershakti Metaliks's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	175.41	/	( ( (3055.065 - 458.518)	+	(3330.577 - 675.151) )	/ 2 )
	=	175.41	/	( ( 2596.547	+	2655.426 )	/ 2 )
	=	175.41	/	2625.9865
	=	6.68 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Supershakti Metaliks (BOM:541701) 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.

Supershakti Metaliks ROCE % Related Terms

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Supershakti Metaliks (BOM:541701) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Supershakti Metaliks Ltd (BOM:541701) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

39 Shakespeare Sarani, Premlata Building, 3rd Floor, Kolkata, WB, IND, 700 017

Website

http://www.supershaktimetaliks.com

Supershakti Metaliks Ltd is a steel products manufacturer. The company operates mainly in one business segment namely Iron and Steel Product. The company's products include Wire rods, HP wire, Binding wire, and Billet wire. The company sells its products in India and also exports it to other countries, of which prime revenue is generated from the sales made in India.

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