Salasar Techno Engineering (NSE:SALASAR) ROCE % : 28.49% (As of Mar. 2024)

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What is Salasar Techno Engineering 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. Salasar Techno Engineering's annualized ROCE % for the quarter that ended in Mar. 2024 was 28.49%.

Salasar Techno Engineering ROCE % Historical Data

The historical data trend for Salasar Techno Engineering'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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Salasar Techno Engineering ROCE % Chart

Salasar Techno Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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21.22

22.79

19.43

21.80

24.26

Salasar Techno Engineering Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															25.40	19.36	19.22	29.43	28.49

Salasar Techno Engineering ROCE % Calculation

Salasar Techno Engineering's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	1156.818	/	( ( (9141.453 - 4627.999)	+	(11508.885 - 6486.338) )	/ 2 )
	=	1156.818	/	( (4513.454	+	5022.547)	/ 2 )
	=	1156.818	/	4768.0005
	=	24.26 %

Salasar Techno Engineering's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1430.856	/	( ( (0 - 0)	+	(11508.885 - 6486.338) )	/ 1 )
	=	1430.856	/	( ( 0	+	5022.547 )	/ 1 )
	=	1430.856	/	5022.547
	=	28.49 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Salasar Techno Engineering (NSE:SALASAR) 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.

Salasar Techno Engineering ROCE % Related Terms

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Salasar Techno Engineering (NSE:SALASAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Salasar Techno Engineering Ltd (NSE:SALASAR) » Definitions » ROCE %

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Traded in Other Exchanges

540642:India

Address

E-20, South Extension I, New Delhi, IND, 110049

Website

https://www.salasartechno.com

Salasar Techno Engineering Ltd is engaged in the manufacturing of galvanized M.S. steel structures and related activities. It is engaged in the manufacturing and fabrication of steel structures for Telecom Towers, Transmission Towers, Utilities Poles, High Mast Poles, Stadium Lighting Poles, Flag Poles, and Smart City Poles Substations Structures, Railway Electrification (OHE), and Solar Module Mounting Structures. The Firm has two reportable segments namely, Steel structure, which derives majority of revenue and comprises manufacturing and sale of Galvanized and Non-galvanized Steel Structures including Telecom Towers, Transmission Line Towers, and Solar Panels; and EPC projects, which comprise survey, supply of materials, design, erection, testing and commissioning on a trunkey basis.

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