Sundaram Fasteners (BOM:500403) ROCE % : 17.79% (As of Dec. 2024)

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What is Sundaram Fasteners 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. Sundaram Fasteners's annualized ROCE % for the quarter that ended in Dec. 2024 was 17.79%.

Sundaram Fasteners ROCE % Historical Data

The historical data trend for Sundaram Fasteners'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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Sundaram Fasteners ROCE % Chart

Sundaram Fasteners Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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18.04

19.66

22.09

21.75

20.60

Sundaram Fasteners Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															20.38	20.02	21.43	20.61	17.79

Sundaram Fasteners ROCE % Calculation

Sundaram Fasteners'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 )
	=	7267.7	/	( ( (46243.9 - 12727.2)	+	(49885.3 - 12828.1) )	/ 2 )
	=	7267.7	/	( (33516.7	+	37057.2)	/ 2 )
	=	7267.7	/	35286.95
	=	20.60 %

Sundaram Fasteners's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	6972	/	( ( (53809.1 - 14625.9)	+	(0 - 0) )	/ 1 )
	=	6972	/	( ( 39183.2	+	0 )	/ 1 )
	=	6972	/	39183.2
	=	17.79 %

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

Sundaram Fasteners (BOM:500403) 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.

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Sundaram Fasteners Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sundaram Fasteners Ltd (BOM:500403) » Definitions » ROCE %

Traded in Other Exchanges

SUNDRMFAST:India

Address

No. 98-A, VII Floor, Dr. Radhakrishnan Salai, Mylapore, Chennai, TN, IND, 600004

Website

https://www.sundram.com

Sundaram Fasteners Ltd is an Indian producer of fasteners and metal components. It is engaged in the manufacture and sale of bolts and nuts, water pumps, sintered products, cold extruded components, hot and warm forged parts, radiator caps, and other parts that have applications mainly in the automobile industry. Its geographical segments are India, the United States, the United Kingdom, China, and the Rest of the World. The majority of the company's revenue is derived from India.

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