Sumeet Industries (BOM:514211) ROCE % : 0.00% (As of Dec. 2024)

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What is Sumeet Industries 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. Sumeet Industries's annualized ROCE % for the quarter that ended in Dec. 2024 was 0.00%.

Sumeet Industries ROCE % Historical Data

The historical data trend for Sumeet Industries'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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Sumeet Industries ROCE % Chart

Sumeet Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-10.34

-29.83

75.66

Sumeet Industries 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															-	-	-	-	-

Sumeet Industries ROCE % Calculation

Sumeet Industries'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 )
	=	-634.661	/	( ( (4548.692 - 4927.348)	+	(4276.983 - 5304.341) )	/ 2 )
	=	-634.661	/	( (-378.656	+	-1027.358)	/ 2 )
	=	-634.661	/	-703.007
	=	90.28 %

Sumeet Industries'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 )
	=	3964.964	/	( ( (4312.095 - 4535.99)	+	(0 - 0) )	/ 1 )
	=	3964.964	/	( ( -223.895	+	0 )	/ 1 )
	=	3964.964	/	-223.895
	=	0 %

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

Sumeet Industries (BOM:514211) 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.

Sumeet Industries ROCE % Related Terms

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Sumeet Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sumeet Industries Ltd (BOM:514211) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Ring Road, 504, 5th Floor, Trividh Chambers, Opposite Fire Brigade Station, Surat, GJ, IND, 395002

Website

https://www.sumeetindustries.com

Sumeet Industries Ltd is engaged in the yarn manufacturing business segment in India. It manufactures and exports Polyester Yarn (POY and FDY), Polyester Chips, Texturizing Yarn and Carpet Yarn. The company caters to both domestic and international markets, of which the majority of revenue is generated within India.

Sumeet Industries Headlines

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