Swastik Pipe (NSE:SWASTIK) ROCE % : 11.70% (As of Mar. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Swastik Pipe 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. Swastik Pipe's annualized ROCE % for the quarter that ended in Mar. 2023 was 11.70%.

Swastik Pipe ROCE % Historical Data

The historical data trend for Swastik Pipe'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.

* Premium members only.

Swastik Pipe ROCE % Chart

Swastik Pipe Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

2.96

14.54

21.93

11.70

Swastik Pipe Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
ROCE %	2.96	14.54	21.93	11.70

Swastik Pipe ROCE % Calculation

Swastik Pipe'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 )
	=	255.391	/	( ( (3412.72 - 1618.636)	+	(3957.975 - 1386.062) )	/ 2 )
	=	255.391	/	( (1794.084	+	2571.913)	/ 2 )
	=	255.391	/	2182.9985
	=	11.70 %

Swastik Pipe's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	255.391	/	( ( (3412.72 - 1618.636)	+	(3957.975 - 1386.062) )	/ 2 )
	=	255.391	/	( ( 1794.084	+	2571.913 )	/ 2 )
	=	255.391	/	2182.9985
	=	11.70 %

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

Swastik Pipe (NSE:SWASTIK) 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.

Swastik Pipe ROCE % Related Terms

Thank you for viewing the detailed overview of Swastik Pipe's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Swastik Pipe (NSE:SWASTIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Swastik Pipe Ltd (NSE:SWASTIK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2, Arihant Nagar, Punjabi Bagh (West), New Delhi, IND, 110026

Website

https://www.swastikpipes.com

Swastik Pipe Ltd is the manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, API Pipe, Stainless Steel Tubes, Cold Rolled Steel (CR) Strips/ Coils, Swaged Type Tubular Poles, and Solar Structure.

Swastik Pipe (NSE:SWASTIK) Headlines

No Headlines