Sumeru Industries (BOM:530445) ROCE % : 0.86% (As of Mar. 2024)

View and export this data going back to 1995. Start your Free Trial

What is Sumeru 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. Sumeru Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.86%.

Sumeru Industries ROCE % Historical Data

The historical data trend for Sumeru 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.

* Premium members only.

Sumeru Industries ROCE % Chart

Sumeru Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

0.34

0.30

0.08

0.18

0.87

Sumeru Industries 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															-1.22	-0.06	0.66	2.01	0.86

Sumeru Industries ROCE % Calculation

Sumeru 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 )
	=	0.903	/	( ( (103.829 - 0.102)	+	(104.64 - 0.469) )	/ 2 )
	=	0.903	/	( (103.727	+	104.171)	/ 2 )
	=	0.903	/	103.949
	=	0.87 %

Sumeru Industries'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 )
	=	0.9	/	( ( (0 - 0)	+	(104.64 - 0.469) )	/ 1 )
	=	0.9	/	( ( 0	+	104.171 )	/ 1 )
	=	0.9	/	104.171
	=	0.86 %

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

Sumeru Industries (BOM:530445) 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.

Sumeru Industries ROCE % Related Terms

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

Sumeru Industries (BOM:530445) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sumeru Industries Ltd (BOM:530445) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Makarba Cross Road, S. G. Highway, Final Plot No-123, Behind Andaz Party Plot, Makarba, Ahmedabad, GJ, IND, 380058

Website

https://www.sumerugroup.in

Sumeru Industries Ltd is a company engaged in trading cotton fabrics. It also provides management services.

Sumeru Industries (BOM:530445) Headlines

No Headlines