K M Sugar Mills (BOM:532673) ROCE % : 19.52% (As of Mar. 2024)

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What is K M Sugar Mills 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. K M Sugar Mills's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.52%.

K M Sugar Mills ROCE % Historical Data

The historical data trend for K M Sugar Mills'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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K M Sugar Mills ROCE % Chart

K M Sugar Mills Annual Data

Trend

Sep14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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19.44

17.08

23.87

14.32

16.29

K M Sugar Mills 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															4.88	26.02	13.04	6.51	19.52

K M Sugar Mills ROCE % Calculation

K M Sugar Mills'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 )
	=	556.5	/	( ( (7033.292 - 3645.088)	+	(7792.2 - 4345.9) )	/ 2 )
	=	556.5	/	( (3388.204	+	3446.3)	/ 2 )
	=	556.5	/	3417.252
	=	16.29 %

K M Sugar Mills'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 )
	=	672.8	/	( ( (0 - 0)	+	(7792.2 - 4345.9) )	/ 1 )
	=	672.8	/	( ( 0	+	3446.3 )	/ 1 )
	=	672.8	/	3446.3
	=	19.52 %

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

K M Sugar Mills (BOM:532673) 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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K M Sugar Mills (BOM:532673) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » K M Sugar Mills Ltd (BOM:532673) » Definitions » ROCE %

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KMSUGAR:India

Address

Post Office Moti Nagar, District Faizabad, Faizabad, UP, IND, 224 201

Website

https://www.kmsugar.com

K M Sugar Mills Ltd is an Indian company engaged in the manufacturing and sale of sugar. The business operating segments of the company are Sugar, Distillery and Power. Other business activities undertaken by the firm consists of manufacturing and sale of Ethanol, Ethyl Alcohol, generation of power using bagasse, and manufacturing and sale of sanitizers. It derives a majority of the revenue from the Sugar segment. Geographically, the company's operations are principally carried out only in India.

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