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Sunlite Recycling Industries (NSE:SUNLITE) ROA % : 52.83% (As of Mar. 2024)


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What is Sunlite Recycling Industries ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Sunlite Recycling Industries's annualized Net Income for the quarter that ended in Mar. 2024 was ₹356 Mil. Sunlite Recycling Industries's average Total Assets over the quarter that ended in Mar. 2024 was ₹674 Mil. Therefore, Sunlite Recycling Industries's annualized ROA % for the quarter that ended in Mar. 2024 was 52.83%.

The historical rank and industry rank for Sunlite Recycling Industries's ROA % or its related term are showing as below:

NSE:SUNLITE' s ROA % Range Over the Past 10 Years
Min: 6.75   Med: 9.67   Max: 13.21
Current: 13.21

During the past 4 years, Sunlite Recycling Industries's highest ROA % was 13.21%. The lowest was 6.75%. And the median was 9.67%.

NSE:SUNLITE's ROA % is ranked better than
93.14% of 3017 companies
in the Industrial Products industry
Industry Median: 3.27 vs NSE:SUNLITE: 13.21

Sunlite Recycling Industries ROA % Historical Data

The historical data trend for Sunlite Recycling Industries's ROA % 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.

Sunlite Recycling Industries ROA % Chart

Sunlite Recycling Industries Annual Data
Trend Mar21 Mar22 Mar23 Mar24
ROA %
6.75 9.97 9.37 13.21

Sunlite Recycling Industries Quarterly Data
Mar21 Mar22 Mar23 Mar24
ROA % 26.99 39.88 37.46 52.83

Competitive Comparison of Sunlite Recycling Industries's ROA %

For the Electrical Equipment & Parts subindustry, Sunlite Recycling Industries's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sunlite Recycling Industries's ROA % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sunlite Recycling Industries's ROA % distribution charts can be found below:

* The bar in red indicates where Sunlite Recycling Industries's ROA % falls into.



Sunlite Recycling Industries ROA % Calculation

Sunlite Recycling Industries's annualized ROA % for the fiscal year that ended in Mar. 2024 is calculated as:

ROA %=Net Income (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=89.036/( (716.256+632.124)/ 2 )
=89.036/674.19
=13.21 %

Sunlite Recycling Industries's annualized ROA % for the quarter that ended in Mar. 2024 is calculated as:

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=356.144/( (716.256+632.124)/ 2 )
=356.144/674.19
=52.83 %

* 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.

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2024) net income data. ROA % is displayed in the 30-year financial page.


Sunlite Recycling Industries  (NSE:SUNLITE) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Mar. 2024 )
=Net Income/Total Assets
=356.144/674.19
=(Net Income / Revenue)*(Revenue / Total Assets)
=(356.144 / 46650.836)*(46650.836 / 674.19)
=Net Margin %*Asset Turnover
=0.76 %*69.1954
=52.83 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data.

* 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.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


Sunlite Recycling Industries ROA % Related Terms

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Sunlite Recycling Industries Business Description

Traded in Other Exchanges
N/A
Address
Survey No. 270A & Plot No. 1, Survey No. 267, Chhatha Mile, Dantali, Vaso, Kheda, GJ, IND, 387350
Sunlite Recycling Industries Ltd is engaged in the business of manufacturing of copper rods & wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars etc. through recycling of copper scrap, which has electrical and mechanical properties suitable for applications in power generation, transmission, distribution and electronic industries. Further, it is also engaged in providing job work services for processing of various products of copper, wherein its customers provide company with the copper scrap and the company converts the copper scrap into copper wire and copper wire rod as per customer's requirement. It employs an internal quality control mechanism to ensure that its finished product conforms to the exact requirement of its customers.

Sunlite Recycling Industries Headlines

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